Borsa Italiana, the commentary on today’s session (5 August 2022)

US employment figures weighed. BPER Banca recorded a progress of almost 10%. In sharp decline, however, Monte dei Paschi di Siena

red-marketSitting characterized by several changes of direction for the major indices of the Italian Stock Exchange and for the main European financial markets. THE US employment data they have contributed to unnerving the equity markets of the Old Continent. According to reports from the US Department of Labor, the US economy showed a increase of 528 thousand new non-agricultural jobs. The figure was much higher than the consensus of analysts who estimated an increase in the order of 250 thousand jobs. “After the publication of the report on the job, the chances that US central bankers will considerably take into account a possible new hike of 75 basis points in the cost of money at the next meeting in September increase,” said Filippo Diodovich, Senior Market Strategist of IG Italia. .

The FTSEMib he ended the session with a drop of 0.26% to 22,587 points, after having fluctuated between a minimum of 22,500 points and a maximum of 22,732 points. However, the main Borsa Italiana index finished the week with a gain of 0.81%. The FTSE Italia All Share it lost 0.35%. Worse performance for the FTSE Italia Mid Cap (-1.16%) and for FTSE Italia Star (-1.57%). In the session of August 5, 2022, the turnover fell to 1.69 billion euros, compared to 1.87 billion on Thursday.

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The BTP-Bund spread it narrowed to 205 points.

At 17.30 the bitcoin it had dropped to $ 23,000 (just under € 22,500).

L’EUR it slipped to $ 1.015 after US employment data.

Some important ideas among the securities of the banking sector.

BPER Banca (+ 9.7% to 1,572 euros) recorded the best performance of the day at the FTSEMib. The institute communicated i financial results for the first half of 2022, a period characterized by a general improvement in the main income statement items and credit quality. The management has indicated that in the second half of 2022 the activities of BPER Banca will be focused on the implementation of the actions of the 2022-2025 Business Plan and on the integration of Banca Carige, which is expected to be completed by the end of the year.

Rises in the order of 1-2% for BancoBPM (+ 1.68%), Intesa Sanpaolo (+ 1.74%) e UniCredit (+ 1.77%).

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On the other hand, the Monte dei Paschi di Siena (-6.74% to € 0.415). The Sienese institute communicated i financial results for the first half of 2022 and announced that it had sold without recourse a portfolio of “Non Performing” loans divided into three clusters (secured bad loans, unsecured bad loans, unlikely to pay) for a total Gross Book Value of 917.5 million euro. Monte dei Paschi di Siena specified that the impact of the transaction is already included in the financial results for the first half of 2022.

The decline of illimityBank (-6.92%).

Pirelli it gained 4.3% to € 4.439. The tire group released i financial results for the first half of 2022, a period that saw a growth in the main economic indicators, which were better than the consensus of analysts. In light of the performance recorded in the first half and the changed external scenario, Pirelli’s management updated the financial targets for 2022.

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Positive closing for Unipol (+ 2.14% to € 4.305). The insurance company released i financial results for the first half of 2022 and confirmed the financial targets for the three-year period 2022/2024.

Also Atlantia (-0.26% to 22.72 euros) issued i half-year results. The infrastructure holding specified that the results benefited from the recovery of motorway and airport traffic, while the consideration for the sale of Autostrade per l’Italia reduced the net debt. Based on the half-year results, Atlantia’s top management has improved the financial targets for 2022 relating to revenues and EBITDA.

The freshman’s leap stands out at Euronext Growth Milan Siav (+ 25.2% to 3.9 euros).


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