Piazza Affari closes against the trend and it is positive news. In fact, the Milan Stock Exchange was the best among the major stock markets, many of which closed in negative. What just ended was a very indicative day. This is why it was a very useful session on the Milan Stock Exchange that offers an important starting point to understand what can happen in the near future on the Milanese list. Let’s find out in the analysis of the Study Office of Projections of Bag.
Today financial stocks pushed Piazza Affari
Let’s start with the closure, which is never more indicative than today. At the end of the session, the blue chip index, the Ftse Mib (INDEX:FTSEMIB), closed up 0.5% at 21,435 points. The rest of the major stock exchanges did worse. In Frankfurt, the Dax closed down by 0.05%; in London, the Ftse 100 lost 0.9%. Paris gained 0.1%; Madrid lost 0.6%.
What prompted the Italian stock exchange to do better than the other squares? The return of purchases on financial securities in general and on banks in particular. Among the top seven blue chips by performance today, 5 stocks are financials, 3 of which are banking. Unipol, Mediobanca and Banco BPM in the first three places, Poste Italiane and Unicredit in sixth and seventh place. The increases range from 1.6% of Unicredit to 4.1% of Unipol.
Because on the Milan stock exchange it was a very useful session that offers an important starting point to understand what can happen in the near future
Attention, it is necessary to reflect. Piazza Affari in recent weeks has recorded a progressive increase in volumes. It means that investments on the price list are increasing. Perhaps we could be at the beginning of a sector rotation.
What does it mean? That investors could be gradually abandoning stocks in the technology sector, to enter sectors and exchanges particularly sacrificed by the pandemic. These include banking stocks and Piazza Affari.
It is a hypothesis but it has some foundations. It is no coincidence that today the Milanese list has done better than the other European squares. Because there is a greater presence of bank securities on the local market. And it is no coincidence that the stock market accelerated today at the opening of Wall Street. But unlike the other times, it accelerated upwards with the US stock market going down in the beginning.
Deepening
This the multidays analysis and the analysis of international markets by the ProiezionidiBorsa Research Department.
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