Stock market: Milan, Christmas rise (+ 0.7%), Cnh jump, Tim down

Gentiloni:

(ANSA) – MILAN, DEC 23 – Piazza Affari closed the last session up before Christmas, observing the pre-holiday closing tomorrow together with Frankfurt, while London, Paris and Madrid will also exchange reduced hours tomorrow. The Ftse Mib index gained 0.7% to 27,016 points, returning above the threshold of 27 thousand, last touched on 7 December, between light exchanges for 1.5 billion euros in value, less than half than what changed hands last December 17 (3.64 billion). The spread between BTPs and German Bunds rose to 136.6 points, which rose to 140 during the day, following the willingness expressed by Prime Minister Mario Draghi to be elected Head of State, with the annual yield of ten-year bonds increasing by 6.3 points, more than in the rest of Europe, at 1.109%.

The eyes of the few active investors in the run-up to Christmas were focused on Cnh (+ 3.45% to € 16.78), which reached a new all-time high on the day of the go-ahead for the shareholders in the shareholders’ meeting for the spin-off of Iveco, which will be listed on the stock exchange autonomously from next January 3rd. A2a (+ 1.51%), Pirelli (+ 1.36%) and Generali (+ 1.33%) also did well, followed by Ferrari and Stm (both + 1.04%), Exor (+ 0.97%) ), Azimut (+ 0.97%) and Intesa (+ 0.92%). Unicredit was more cautious (+ 0.51%), while Banco Bpm (-0.62%) and Bper (-0.87%) did not go as well, grappling with the offer on Carige (+0.54 %). Heavy Mps (-1.98%), positive Bps (+ 0.71%), on the last day to communicate to the shareholders’ representative the vote on the transformation into a Spa in view of the assembly on 29 December.

The rise in crude oil ((Wti + 1.28% to 73.68 dollars a barrel) supported Eni (+ 0.54%), while Saipem (+ 0.22%) and Tenaris (+ 0.18%) were more cautious. ). Weak Tim (-1.24%), Campari (-0.55%) and, among the smaller capitalization stocks, Conafi (-13.7%) and As Roma (-2.52%). Italian Sea Group (+ 7.6%) and Cairo Communication (+ 3.56%). (ANSA).

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Source From: Ansa

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