Stock Exchange: Milan holds (+ 0.6%), Eni and Tenaris rallies, Saipem down

Milan, meeting for Pirelli's 150th anniversary (ANSA)

(ANSA) – MILAN, 04 JUL – Piazza Affari resists in positive territory in the absence of US price lists, closed today for Independence Day. The Ftse Mib index gains 0.63% to 21,489 points, while the differential between German ten-year BTPs and Bunds falls below 190 points (189.7 points), with the Italian annual yield increasing by 15.8 points to 3.225. %. Tenaris on the shields (+ 3.99%) pushed by crude oil prices (Wti + 1.14% to 109.62 dollars a barrel) together with Eni (+ 3.28%), while Saipem slips (-8.38% ) on the penultimate day of trading of the rights for the 2 billion euro capital increase (-75.88%), exercisable until day 11.

Purchases on Diasorin (+ 3.84%), following the long wave of Exor’s investment (+ 0.1%) in the French Mérieux Institute announced last July 1st with a 10% stake deriving from a reserved capital increase . Ferrari (+ 2.17%) and Tim (+ 2.37%) also did well, on the eve of Investor Day. Contrasted the banking companies Unicredit (+ 0.91%), Bper (+ 0.49%), Intesa ( -1.89%) and Banco Bpm (-0.89%) in view of the mechanism being studied by the ECB to avoid extra profits from banks due to the rate hike. (HANDLE).

Source: Ansa

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