Piazza Affari in difficulty today with the markets starting to worry about the thud of the last sessions of the Chinese lists due to the tight regulation on some sectors. Sales hit cyclical sectors in particular. In closing, the Ftse Mib, back from 5 consecutive sessions up, lost 0.83% to 25,086 points. In the meantime, the monetary policy decision of the Federal Reserve (Fed) is awaited on the markets, which should postpone any indication on the tapering front to September. Focus also on the quarterly results of the American tech giants with the accounts of Microsoft, Apple and Alphabet on the way.
Among the stocks in trouble today are the banks, which instead rose sharply yesterday. Unicredit fell by more than 2 percent, while Intesa loses 1.03% after yesterday’s jump of more than 2% also dictated by the repeated buy from UBS with a target price raised to 2.8 euros. Utilities are also bad with Enel at -1.47% below the 8 euro threshold despite Equita having raised the target price to 9.4 euro confirming the buy.
Telecom Italia also fell (-0.89%) despite the results of TIM Brazil which were slightly better than expected (revenues + 10.5% y / y 4,407 million Brazilian reals, consensus was + 9.1%) from mobile service revenues. The guidance for the whole of 2021 has been confirmed.
Among the securities of the Ftse Mib to dodge sales is Italgas (+ 0.68%) which closed the first half of 2021 with total revenues of € 665.4 million, + 2.9% compared to the same period in 2020 EBITDA rose to € 489.1 million (+ 5.9%), with operating profit (EBIT) of € 279.4 million (+ 10%). The adjusted net profit attributable to the Group amounted to € 176.1 million (+ 14.1%).
Snapshot for Campari (+ 3.16%), which reached + 5% after the disclosure of the accounts for the first half of 2021, closed with net sales above the billion mark (+ 37.1% compared to the first half of 2020 and +22 , 3% compared to the first half of 2019). Adjusted net profit more than doubled to € 156.8 million.