(Alliance News) - The Mib on Monday closed lower -- the only one among Europeans -- as risk appetite in other marketplaces was boosted by easing fears of a broader conflict in the Middle East, after Iran and Israel, at the moment, seem unwilling to continue military hostilities.
Thus, the FTSE Mib closed in the red 0.6 percent to 33,724.82, the Mid-Cap in the red 0.2 percent to 45,939.49, the Small-Cap up 0.4 percent to 27,913.14 while Italy Growth is in the green 0.1 percent to 8,056.48.
In Europe, Paris' CAC 40 finished in the green by 0.2 percent, London's FTSE 100 up 1.6 percent, while Frankfurt's DAX 40 closed in the green by 0.6 percent.
On the Mib, DiaSorin closed in appreciation of 4.1 percent to EUR94.94 per share, on the heels of the green with which it closed Friday evening. Of note, HSBC cut its target price to EUR110.00 from EUR115.00 with a 'buy' recommendation.
Good buys also on Banca Monte de Paschi, which appreciates 3.1 percent, following a 0.9 percent decline in the previous session.
Iveco remains at the bottom as at the opening, giving up 2.2%. The company's board of directors announced that Olof Persson will replace Gerrit Marx in the role of group CEO effective July 1, when Gerrit Marx will leave Iveco Group to take over as CEO at CNH Industrial.
Brunello Cucinelli left 1.3 percent on the parterre, in its third session in the red.
On the Mid-Cap, OVS rose 2.9 percent. The company announced Thursday that it ended the year ended Jan. 31, 2024 with a reported net profit of EUR52.4 million, up from EUR39.6 million in the same period last year. The board of directors proposed a dividend of EUR0.07 from EUR0.06 as of Jan. 31, 2023. Net sales stood at EUR1.54 billion from EUR1.51 billion as of January 31, 2023.
Marr, on the other hand, rallied 5.7 percent, closing for the fourth session in a row with a bullish trend.
Juventus Football Club - in the green by 2.1 percent - on the other hand, broke a five-session bearish mini-trend.
Webuild, on the other hand, gave up 2.9 percent, following Friday night's 1.2 percent red.
On the Small-Cap, Alkemy closed down 6.8 percent, after Friday evening's flat session, bringing the price down to EUR10.30.
CSP International - in the red by 5.2 percent - reported that it ended 2023 with a net profit of EUR100,000, down from EUR500,000 as of December 31, 2022. Sales in the period stood at EUR91.6 million from EUR94.2 million in 2022.
Bialetti Industrie gives up 3.1 percent, after rising more than 14 percent after reporting that it ended 2023 with revenues up 6.1 percent to EUR141.2 million from EUR133.1 million a year earlier. Ebitda increased to EUR19.2 million from EUR16.1 million a year earlier while operating income rose to EUR14.9 million from EUR11.1 million in 2022.
Tessellis -- in the green by 19 percent -- reported Friday that it had received a notice from Jefferies Financial Group Inc. in connection with the acquisition of the indirect controlling interest. Specifically, Jefferies Financial Group notified the company of the acquisition of the majority of voting rights in Opnet - which holds 59.26 percent of Tessellis' share capital - through its subsidiary BEI Italia Wireless, following the conversion of convertible preferred shares into ordinary shares, held by BEI Italia Wireless in Opnet.
IGD - in the green by 6.2 percent - announced Thursday that its board of directors, appointed earlier in the day by the shareholders' meeting for the three-year period 2024 - 2026, elected Antonio Rizzi as chairman of the board, Edy Gambetti as vice chairman and Roberto Zoia as managing director and general manager.
Among SMEs, Redelfi - in the green by 2.8 percent - announced on Monday that it has signed, through its wholly owned U.S.-registered subsidiary Redelfi Corporation, with Elio Energy Group LLC, a U.S. developer already a partner in BESS Power Corporation, the operating agreements for the development of an additional 2.4 GW of Battery Energy Storage System projects in the U.S. territory. The new pipeline will be developed by the U.S.-registered newco Redelio Renewables LLC, in which Redelfi Corp. and Elio Group have a 50 percent stake, respectively.
Espe, on the other hand, gave up 4.2 percent, in its third bearish session. The company reported Wednesday that it closed fiscal year 2023 with a profit of EUR1.6 million, up from EUR200,000 a year earlier. Value of production rose to EUR59.4 million from EUR45.1 million as of Dec. 31, 2022 while sales revenue amounted to EUR42.7 million from EUR36.5 million in 2022.
Gismondi 1754 rose 1.8 percent after it reported that it ended the first quarter of the year with sales revenues of EUR4.4 million, up 5.0 percent from EUR4.2 million in Q1 2023.
Franchi Umberto Marmi advanced 7.1 percent, bringing the price to the EUR6.05 area. A high trading voume of 12,000 pieces was reported on the stock, compared to a three-month daily average of about 4,600.
Fervi, on the other hand, advanced 3.5 percent, with price at EUR18.00 per share, on its third bullish candle session.
In New York, the Dow Jones trades just above par, while the S&P is advancing 0.3 percent as is the Nasdaq.
Among currencies, the euro changes hands at USD1.0644 from USD1.0663 on Friday in closing European equities while the pound is worth USD1.2337 from USD1.2409 on Friday evening.
Among commodities, Brent crude is worth USD87.05 a barrel from USD87.17 a barrel Friday night and gold trades at USD2,335.71 an ounce from USD2,390.98 an ounce Friday night.
Tuesday's macro calendar at 0230 CEST features Japan's manufacturing and services PMI. Germany's manufacturing PMI will arrive at 0930 CET, while the Eurozone PMI will arrive at 1000 CEST.
At 1030 CET, on the other hand, the UK manufacturing PMI will arrive.
At 1400 CEST from the U.S. will come the data on building permits and at 1545 CEST the PMI on tertiary sector purchasing, while at 2230 CEST will come the data on weekly oil stocks.
In Piazza Affari, the quarterly results of Eni and Fervi, among others, are expected.
By Maurizio Carta, Alliance News reporter
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