(ANSA) – MILAN, MARCH 31 – The Milan Stock Exchange (-1.1%) closed down, in line with the other European lists. The markets, after a slow morning, closed the last day of the first quarter in decline, weighed down by the new sanctions coming for Russia and Putin’s moves on the payment of gas supplies in rubles. Government bond yields are also down while we look at the next moves by central banks on the front of the rate hike. The spread between BTPs and Bunds closed little changed at 149 points, with the Italian ten-year yield at 2.03%.
Tim slips in Piazza Affari (-7%), with the market wondering whether the bid by Kkr will materialize and profit-taking after the excellent performance on the eve of the day. Negative performance also for banks with Banco Bpm and Bper (-3.1%), Unicredit (-2.8%), Intesa and Mps (-2.3%). Session marked by a sharp decline also for Iveco (-5.2%) and Nexi (-4.2%).
The drop in the price of oil weighs on shares in the energy sector with Eni (-0.6%) and Tenaris (-0.1%). In contrast to Saipem (+ 2.7%), grappling with the financial maneuver to restore the accounts. Among the financial stocks in the light of Generali (+ 3.2%), in the wake of the program presented by the candidates of the Caltagirone group slate which also received the favorable opinion of Leonardo Del Vecchio.
Utilities contrasted with Snam (+ 1.5%), Italgas (+ 0.4%), A2a (+ 0.6%), Erg and Alerion (+ 0.3%) while Enel closed the session down (- 0.5%) and Hera (-0.6%), flat on Iren. (HANDLE).
Source: Ansa
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