Piazza Affari defends itself tooth and nail to avoid collapsing. The Ftse Mib index defends itself strenuously to try not to fall and in the end it succeeds. The Milan stock exchange does not close positively but limits the damage, much more than the other main European stock exchanges. Some blue chip stocks have helped our list stay afloat.
The Milan Stock Exchange defends itself with its teeth
The Milan Stock Exchange closed the last session of the week with a slight decline, similar to that of Thursday’s session. A decline that, however, allows it to remain above a fundamental threshold. Our Analysts indicated this level in the article: “Piazza Affari at a crossroads clings to this level and hopes for these titles“. In the end, the stock market held up and the prices of the Ftse Mib index closed at 26,615 points, down 0.2%.
The Milan stock exchange today had started badly and after half an hour of trading, prices seemed on the verge of plummeting. The Ftse Mib dropped to 25,275 points before reversing and returning to rise. The recovery at the end of the session was helped by the positive opening of Wall Street. The American stock market on Thursday closed lower and this had pushed down the prices of the European lists in the beginning of trading.
The Milan Stock Exchange once again proved itself in the group of the best. Only the Paris list did better, closing virtually unchanged. But the German stock exchange lost 0.7% and the London one 0.8%. The Euro Stoxx index fell 0.3%.
Rain of money on a stock of Piazza Affari that stands out above all
The Milan Stock Exchange continues to show greater relative strength compared to the main European lists. Today it failed to rise more due to bank stocks. Among the 4 major credit securities of the blue chips, only BPER Banca rose strongly, closing with a gain of 2.4%. But it wasn’t enough to bring the Ftse Mib (INDEX:FTSEMIB) in positive ground. Intesa Sanpaolo and Unicredit sold 0.2%. Banco BPM did worse with a drop of 0.4%. However, it should be borne in mind that in the last session of the week, purchases on these stocks would hardly have been triggered.
While, on the other hand, a shower of money fell on a stock of Piazza Affari that stood out above all. Moncler already other times in the past had ripped upwards. After BPER Banca it was the best stock among the blue chips. The share closed up 2.2% to close at € 54.2, a sharp recovery from the lows of the last 4 months. After this performance it is worthwhile to follow the title in the next sessions.
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