The Italian Stock Exchange opened the week with fractional variations across its major indices, reflecting a cautious start to trading.The FTSEMib was down 0.43% at 36,110 points, while the FTSE Italia All Share lost 0.41%. Minimal movements were observed in the FTSE Italia Mid Cap (-0.08%) and the FTSE Italia Star (-0.01%). Meanwhile, Wall Street remained closed in observance of Martin Luther King Jr. Day, adding to the subdued global market activity.
In the cryptocurrency space, Bitcoin slipped below $107,000 (approximately €103,500) after nearly reaching $109,000. The spread Btp-bund fluctuated between 110 and 115 points, with the yield on the 10-year BTP climbing above 3.65%. The euro held steady above $1.03, signaling relative stability in the currency markets.
Enel and snam: Interim Dividends detached
Enel, Italy’s electricity giant, saw its shares decline by 1.84% to €6.813. Despite the dip, the company detached an interim dividend for 2025 (relating to the 2024 financial year) amounting to €0.215. Similarly, snam detached an advance coupon of €0.1162, with its shares down 0.59% to €4.248.
Banking Sector Highlights
The banking sector showed resilience, with BancoBPM gaining 0.58% to €8.372. The bank announced a favorable ruling from the court of Cassation, ending a long-standing dispute over assessment notices issued in 2011. This decision allows BancoBPM to recover €201.9 million, plus interest, paid provisionally between 2012 and 2015.UniCredit also performed well, rising 1.22% to €42.985, while Monte dei Paschi di Siena surged 1.65% to €7.164.
doValue’s New Mandates
doValue recorded a notable increase of 3.45% to €1.378. The company secured two new mandates in the Hellenic region, with a total gross book value of €1.6 billion, further solidifying its position in the market.
| Company | Performance | Key Highlights |
|—————————|—————–|———————————————————————————–|
| Enel | -1.84% | Detached interim dividend of €0.215 for 2025. |
| Snam | -0.59% | Detached advance coupon of €0.1162. |
| BancoBPM | +0.58% | Court ruling allows recovery of €201.9 million plus interest.|
| UniCredit | +1.22% | Shares rose to €42.985. |
| Monte dei Paschi di Siena | +1.65% | Shares climbed to €7.164. |
| doValue | +3.45% | Secured €1.6 billion in new mandates in the Hellenic region.|
The Italian market’s mixed performance reflects broader economic uncertainties,but the banking sector’s resilience and strategic corporate moves offer a glimmer of optimism for investors.
