Home » Business » Telecom Italia TIM, Banking Stocks, and Autostrade Meridionali Performance in Italian Stock Exchange and European Markets

Telecom Italia TIM, Banking Stocks, and Autostrade Meridionali Performance in Italian Stock Exchange and European Markets

A day of caution for Telecom Italia TIM. Good performance for banking stocks. Autostrade Meridionali is unable to make a price

The major Italian Stock Exchange indices and the main European financial markets they record fractional increases in the last session of the week. Today is a day of technical deadlines; the option contracts on shares and indices dated January 2024 have expired.

At 1.10 pm FTSEMib it was up 0.24% to 30,422 points, after having fluctuated between a minimum of 30,371 points and a maximum of 30,533 points. At the same time the FTSE Italia All Share it earned 0.23%. Opposite trend for the FTSE Italia Mid Cap (+0.21%) and for the FTSE Italia Star (-0,14%).

Il bitcoin it came close to 41,500 dollars (around 38,000 euros).

Lo spread Btp-Bund was narrowed to 155 points, with the yield of the ten-year BTP which dropped to 3.85%.

L’euro it stands below $1.09.

Day of caution for Telecom Italia TIM (+0,07% a 0,282 euro). The board of directors of the telephone company has expressed its orientation on the composition of the new administrative body that the shareholders’ meeting will have to appoint for the next three years, deeming it appropriate to reduce the number of its members compared to the current one of fifteen directors. Furthermore, in consideration of the need to give continuity to the actions underway in a very delicate and unique transition of change in the corporate reality, the board of directors has decided to make use of the right to present its own list which aims to be a majority, as already occurred during the previous renewal.

Banking sector stocks remain in the spotlightafter the good performances achieved in the previous session.

Positive intonation for the Monte dei Paschi di Siena (+1.25% to 3.232 euros). Good too BancoBPM (+1,01%) e BPER Bank (+1,39%).

Southern Motorways fails to make price due to excess markdown. The company announced that the board of directors has decided to positively evaluate the voluntary liquidation of the company and the partial distribution of the extraordinary reserve for approximately 30 million euros.

Good performance for Safilo (+1,9% a 0,9405 euro). The company and Levi’s (a denim company) announced the renewal of their global licensing agreement for Levi’s branded eyewear through the end of 2029.

2024-01-19 10:55:00
#FTSEMib #positive #halfway #point

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