Stock Exchange: Milan closed higher with Tenaris, Cnh and banks

Buying power down 5 points.  Bonomi-Orlando Clash (ANSA)

(ANSA) – MILAN, APRIL 29 – The Milan stock exchange closes the week up (Ftse Mib + 0.82% at 24,252 points) like the other European squares with prices in frequent ups and downs conditioned, on the one hand, by the conflict in Ukraine which has been dragging on for over two months and, on the other hand, by widespread inflation and the next rate hike.

The spread between BTP and Bund archives the day one step away from 184 points (183.7), up from 181.4 points at the start.

The yield of the Italian ten-year is at 2.77%, on the levels of the end of February 2019.

Good pace by Tenaris (+ 5.3%) in the wake of the quarterly report released during the week and above the estimates. Mfe-Mediaset rushed after the dividend distribution announcement and the positive advertising data in the first quarter of the year. B shares grow by over 4% and A shares by over 9%. Well bought Cnh (+ 2.3%). Then, among the financials on Banca Generali (+ 2.52%), Unicredit (+ 1.94%) which will release the accounts next week, Intesa Sanpaolo (+ 1.5%). Generali stable (+ 0.56%) with the outcome of the shareholders’ meeting which saw the list of the outgoing board prevail. Good in energy (Eni (+ 1.76%). Terna (-1.62%) and Hera (-1.14%) are down. (ANSA).

Source: Ansa

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