2023-12-27 08:50:10
(Alliance News) – Piazza Affari met expectations and opened the first post-Christmas session with a slight increase, following the trend recorded by other European stock exchanges.
The FTSE Mib opened 0.2% higher at 30,406.27 on Wednesday, the Mid-Cap gained 0.5% to 44,680.77, the Small-Cap gained 0.5% to 28,067, 80 and Italy Growth rose 0.3% to 8,146.39.
In Europe, London’s FTSE 100 gained 0.5% to 7,736.86, Paris’ CAC 40 was flat at 7,567.61 and Frankfurt’s DAX 40 edged higher at 16,709.75.
Among the largest Milanese capitalizations, Siapem did better than everyone else at the start of the session, thanks to an increase of 2.5% and no less than 18 million shares changed hands in a few minutes following the bell.
Iveco, up 1.8%, and Banca Monte dei Paschi di Siena, up 1.3%, also performed well.
The Iveco group notably announced on Friday that it had purchased 165,056 of its own ordinary shares between December 18 and 20. The shares were acquired at an average price of 7.9320 euros per share, for a total value of 1.3 million euros.
With these purchases, the first tranche of 55 million euros of the buyback program announced in April this year has ended.
Only Terna and Telecom Italia fell on the Mib, by 0.1% each.
On the Mid-Cap, Juventus grew by 1.7%. The company has received notification of the conclusion of the investigation from the Rome Public Prosecutor’s Office.
The trial for capital gains and market manipulation – as well as other charges – was transferred to the capital’s prosecutor’s office because the Court of Cassation ruled that the Turin prosecutor’s office was not competent for this investigation. The club now has 20 days to examine the documents and prepare its defense.
Acea gained 0.7% following its board of directors approved the finalization and presentation to Roma Capitale of a project financing proposal for the concession of the network management and public lighting service of the capital .
The presentation of the spontaneous proposal to Roma Capitale, a party linked to Acea as a controlling entity, represents the introductory act of an articulated procedure, also characterized by a possible and preliminary dialogue phase with the Capitoline administration, aimed at assessing the feasibility of the proposal.
Technoprobe did better than everyone at the start of the session, up 2.4%.
Among small-cap companies, Trevifin rose 2.2% following extending its 2022-2026 business plan for another year, to 2027.
The objectives of average annual revenue growth of 5% over the plan period, a recurring Ebitda margin of more than 13% at the end of the plan compared to the 12% expected this year, and of an increasing generation of cash flows thanks to the positive contribution of the two business divisions, favoring the achievement of the ratio of net financial position to recurring Ebitda at a level below 2 times, already from the end of 2026 , remain confirmed.
As of November 30, 2023, the group’s order book stood at €757 million, up 28% or €170 million compared to December 31, 2022. The group’s order intake stands at 700 million euros, or 6% more than the group’s annual target (659 million euros), due to the Trevi division which exceeded the annual target by 21%.
Revenues at the end of the plan are expected at 716 million euros compared to 565-585 million euros this year; recurring EBITDA is forecast at 96 million euros compared to 68-72 million euros this year; the ratio of NFP to recurring EBITDA is forecast at 1.3 times in 2027 compared to 2.9-3.2 in the year to date.
FNM increases by 0.4%. The company announced the signing of a second application contract with Alstom Ferroviaria for the supply of two hydrogen trains – in addition to the first six already contracted and ordered – for an amount of 27.5 million euros.
Additionally, FNM acquired a 30.8% stake in Mbility, a company that facilitates the availability and increases the supply of transport services, including accompanied transport, for frail or disabled people through its proprietary digital platform .
Mbility’s participation is carried out through the subscription and payment of a capital increase of 1 million euros reserved for FNM.
CY4Gate increases by 1.5% following winning contracts worth 1.6 million euros in cybersecurity and 750,000 euros for business intelligence solutions.
The offer, with a total value of just over 2.3 million euros for a period of one year, is aimed at leading institutional and corporate entities operating in the Italian and foreign markets. In the field of cybersecurity, CY4Gate has entered into agreements for the sale of three different Cyber Hybrid Digital Twins for training, testing and validation activities and for the deception of potential attackers through the creation of honeynets, all to strengthen the cyber resilience of its customers.
Among the SMEs in Piazza Affari, the good performance of Cloudia Research continued, which, following gaining 50% in its stock market debut, increased by the same percentage on its second day of trading in Milan.
Vantea SMART performed well, with an increase of 11%, following the Ministry of Business and Made in Italy received a positive financial and technical report from MPS Capital Services for the Cyberlens project.
The approved amount is 6.3 million euros, which corresponds to a facility of 3.7 million euros, including 2.6 million euros in the form of a contribution to expenses and 1.1 million euros in the form of a reduced rate loan.
In Asia, the Nikkei closed 1.1% higher at 33,681.24 on Wednesday, the Shanghai Composite gained 0.5% to 2,914.61 and the Hang Seng was up 1.7% at 16,624. .84.
In New York, the Dow Jones closed last night up 0.4% at 37,545.33, the Nasdaq rose 0.5% to 15,074.57 and the S&P 500 gained 0.4% at 4,774.75.
Among currencies, the euro traded at $1.1048 to $1.1021 as European markets closed Friday, while the pound was worth $1.2715 to $1.2726 late Friday.
A barrel of Brent was worth 81.11 dollars once morest 80.18 dollars at Friday’s close. Gold, meanwhile, is trading at USD 2,067.91 per ounce compared to USD 2,060.52 per ounce on Friday evening.
Wednesday’s macroeconomic calendar includes Switzerland’s ZEW expectations at 1000 CET.
On the bond front, at 1500 CET, the French three-, six- and twelve-month BTF auctions are published in France. In the United States, at 1900 CET, it is the turn of the five-year Treasury bond auctions while at 2230 CET, weekly oil stocks will be published.
Among the companies listed on Piazza Affari, no specific announcement is expected.
Par Giuseppe Fabio Ciccomascolo, senior journalist of Alliance News
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