The result of the Milanese list is a liar
Apparently today’s result of the Milan Stock Exchange can disappoint. The limited decline may make it appear that nothing major happened in the first session of the week. On the other hand, under a contained decline, there are many points of interest and stocks with a strong rise.
At the end of the session, the main index of Piazza Affari, the Ftse Mib (INDEX: FTSEMIB), closed down 0.2% to 24,691 points. It is a result that could be defined as a liar, because it deceives. At 15:00, prices hit a high of 24,800 points. Unfortunately, Wall Street’s weak opening brought prices down. He is also a liar because the coupon detachment of some important stocks weighed negatively.
In reality, what happened today could be the premise for a new bullish phase. Bank stocks made a strong progress session. BPER Banca was the best blue chip, up 3.1%. Unicredit, with a gain of 1.2%, marked the third best performance among large cap stocks. Mediolanum gained 1%, Intesa Sanpaolo rose 0.6%, while Banco BPM lagged. A collective rise in bank stocks is the necessary condition for a new bullish phase on the Milan stock exchange, which could be close.
In a lying stock market, sensational news has caused the turbo of a stock that has had a stellar rise
Among the smaller capitalization stocks, two shares stand out which in the next few sessions could give shareholders a lot of satisfaction. The two shares are Juventus and Fiera Milano. Both went up for very specific reasons. Juventus has put the turbo. Who on Friday had 10,000 euros of securities today earned 1,800 euros. In fact, prices have gone up by 18%. The reason is the announcement of a football super league. A championship that would see 20 European clubs participate. A colossal round of money for the teams interested in the event. Juve is among them.
Fiera Milano gained 9%. The title benefited from the government’s decisions to reopen activities including fairs, which will be able to resume from 1 July. The news implicitly confirms that the Milan Furniture Fair will take place in September. This event is the flagship of the events held throughout the year at the Milan Fair. So the title celebrated.
This is the multidays analysis and the point of view of the international markets of the ProiezionidiBorsa Research Department.
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