Borsa Italiana, the commentary on today’s session (30 July 2021)

Borsa Italiana, the commentary on today’s session (30 July 2021)
Borsa Italiana, the commentary on today’s session (30 July 2021)

The bank and the MEF have agreed on the conditions for a potential transaction involving the transfer of a selected perimeter of MPS. Bad Saipem

The major indices of the Italian Stock Exchange and the main European financial markets record fractional reductions in the last session of the week.

At 11.45 on FTSEMib was down by 0.34% to 25,430 points, while the FTSE Italia All Share it was losing 0.3%. Opposite trend for the FTSE Italia Mid Cap (+ 0.08%) and for the FTSE Italia Star (-0,02%).

The bitcoin it slipped to $ 38,500 (around € 32,500).

It spread Btp Bund is confirmed above 105 points.

L’euro hit $ 1.19.

Important insights into banking sector stocks.

UniCredit records a jump of 4.85% to 10.31 euros, after the disclosure of the results of the second quarter of 2021, a period that closed with a sharp increase in revenues and profitability and above the consensus of analysts. UniCredit management has revised the financial estimates for the whole of 2021. The top management of the institute expects an underlying net profit of over 3 billion euros, with revenues in line with the previous guidance of about 17.1 billion euros . Furthermore, the institute and the Ministry of Economy and Finance have agreed the conditions for a potential transaction involving the transfer of a selected perimeter of the Monte dei Paschi di Siena (+ 7.19%) and will start exclusive negotiations.

The positive trend of Banca Carige. The stock of the Ligurian institute turns negative and loses 4.58% to 1.25 euros.

ENI earns 0.96% to 10.11 euros. The Six-legged Dog announced the financial results for the first half of 2021, which benefited from a more favorable economic environment and an energy scenario with improved fundamentals. The management of the Six-legged Dog highlighted that the data confirmed the progressive recovery trend already underway for three quarters. The Board of Directors approved the distribution of an interim dividend for 2021, equal to € 0.43 per share, by using ENI’s available reserves. The coupon will be detached on 20 September and paid out on 22 September.

Definitely negative performance for Saipem (-4,47% a 1,9355 euro). The company disclosed the financial results for the first half of 2021. The year ended with a negative final result and a decrease in revenues, mainly due to the lower volumes developed in Africa and the Middle East in the Offshore Engineering & Construction division. Saipem’s top management has indicated that the business scenario for 2021 will still be affected by the pandemic, to which some specific issues of a project have been added, affecting operational performance.

Sales on Enel (-1,53% a 7,892 euro). The electric giant has communicated the financial results of the first half of 2021, a period that saw a decline in revenues and profitability, which was offset by the increase in investments. Enel’s management confirmed the financial targets for the 2021 financial year, communicated in November 2020, on the occasion of the presentation of the strategic plan for the three-year period 2021-2023.

Good day for Leonardo (+2,13% a 6,702 euro). The aerospace group communicated the financial results for the first half of 2021, a period that closed with growing revenues and improving profitability. In addition, the management confirmed the financial estimates for 2021, prepared when preparing the 2020 financial statements.

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