The swing of the stock exchanges continues, prey to the moods of the market that change daily. For some time, the stock markets have been navigated by sight and every news is amplified and exploited to buy or sell. The swing concerns the European stock exchanges and obviously also concerns Piazza Affari. The Italian Stock Exchange looks like a yo-yo from some sessions. A session goes up and a session goes down, the next one goes up and then back down. After the positive day of Friday 1 October and the negative one yesterday, Monday 4 October, the positive session arrived today. Piazza Affari closed with a significant rise, supported by the 4 stocks that we have always claimed to be the main pillars of our list.
Bags from rags to riches
The first session of the week saw stock market prices fall due to an enemy that made traders tremble. We talked about it extensively in this article: “Bags crippled by this leap that runs the risk of unleashing a storm“. Yesterday Wall Street seemed to be on the edge of a precipice. The US stock market had opened lower and ended the first session of the week with a heavy fall. Obviously, the European stock exchanges had all closed down, but they had limited the damage. However, the negative session of the US stock market had made fears the worst for the day today. The situation seemed to worsen further with the closing down of the Japanese stock market by more than two percentage points. But in less than 24 hours, surprisingly the stock exchanges went from rags to riches.
4 stocks take off and send the stock market into orbit, but will it be true glory?
In the second session of the week, the stock exchanges in Europe made significant increases, with gains between 1% and 2%. Suddenly the reasons that prompted traders to sell yesterday disappeared, after less than a day they were no longer worth. Piazza Affari was once again the best. The rise has exceeded our forecasts, anticipated in this article: “An enemy endangers the stock exchanges but launches this sector and a title“. The Ftse Mib index (INDEX:FTSEMIB) at the end of the session closed with a gain of almost 2%. Prices stopped at 25,956 points on the highs of the day.
The leap in the major index of Piazza Affari was favored above all by four stocks. Banco BPM, Unicredit, BPER Banca and Intesa Sanpaolo were the 4 best blue chips, with increases between 3% and 5%. These 4 stocks take off and send the stock market into orbit, but will it be true glory? We have already seen sudden rises in the recent past, followed by new falls. To understand if a young bull has arrived in Piazza Affari, other confirmations are needed.
Deepening
The point about the markets
