Mib Around 46,700, Mediobanca Leads the Gains

(Alliance News) - On Wednesday, at midday, the main European indices are moving without a clear direction. Piazza Affari remains in positive territory around 46,700 points, while Frankfurt confirms itself as the weakest exchange in the Old Continent at the halfway mark.

On the domestic macroeconomic front, Istat reported that in January consumer prices recorded an annual change of 1.0%, a slight decrease from December's 1.2% and in line with estimates.

On a monthly basis, the increase in the general index mainly reflects the 8.7% rise in regulated energy prices, together with growth in housing-related services by 1.9%, unprocessed food products by 1.2%, and processed goods by 0.9%.

Looking at the Eurozone, inflation fell to 1.7% in January from 2.0% in December, in line with expectations and at its lowest level since September 2024.

Investor attention now shifts to U.S. labor market data, which will be released during the day, and to the European Central Bank's monetary policy decisions expected tomorrow.

The Mib, thus, is marking a gain of 0.8% at 46,771.34 points.

The CAC 40 is up 0.8%, the DAX 40 is down 0.2%, while the FTSE 100 rises by 1.0%.

Among the minor indices, the Mid-Cap is gaining 0.2% at 60,119.06, the Small-Cap is fractionally up at 36,683.97, and the Italy Growth index is down 0.2% at 8,741.52 points.

Among blue chips, Mediobanca extends its opening gains and pushes its price up by 8.0% to EUR19.32 per share, after a 0.4% loss the previous day.

Strength also on Nexi, which rises by 2.2% to EUR3.48. On the stock, Deutsche Bank cut its price target to EUR4.10 from EUR4.30.

Intesa Sanpaolo is appreciating by 0.5% to EUR6.10. It is worth noting that Deutsche Bank raised its target price on the stock to EUR6.80 from EUR5.90.

Leonardo – down 0.1% – announced on Wednesday that it had signed an MoU with the Indonesian Ministry of Defense and PT ESystem Solutions to supply the M-346 F "Block 20" to the Indonesian Air Force.

The agreement, announced at the Singapore Airshow 2026, supports the modernization of the fleet and includes training, maintenance, and local industrial development. The "Block 20" version combines light fighter capabilities with advanced training systems and next-generation avionics.

Eni and Q8 Italia are resuming cooperation in a strategic investment to build a new biorefinery in Priolo, Sicily. The boards of directors of both groups have approved the plan to convert the Versalis site, following the binding offer submitted by Q8. The project strengthens a historic partnership and envisages the use of Eni's Ecofining technology for the production of biofuels from waste, residues, and vegetable oils.

The agreement was formalized in March 2025 at the Ministry of Enterprises and Made in Italy. The Six-Legged Dog stock is thus up 1.4%.

The Canadian government is preparing a reimbursement claim for hundreds of millions of dollars against Stellantis and General Motors, accused of scaling back production in the country despite receiving public incentives, as reported by Milano Finanza on Wednesday. Industry Minister Mélanie Joly confirmed the initiative, which risks straining relations between Ottawa and the major North American automakers. Stellantis shares are up 1.2%.

Only five stocks are down halfway through trading, with Prysmian losing 0.3% and Buzzi dropping 2.0%.

On the Mid-Cap segment, BFF Bank rebounds after sharp declines in previous sessions, with the price hovering around EUR4.51 per share, posting a 9.0% gain.

Among the most traded stocks by value, Reply falls by 1.7% while Sesa occupies the last spot in the basket, down 8.3%.

Philogen, on the other hand, is up 2.8% to EUR22.00 per share, after a flat session the previous day.

Salvatore Ferragamo is up 0.6% to EUR6.48. On the stock, Citigroup lowered its target price to EUR7.10 from EUR8.07.

Tamburi Investment Partners – down 1.1% – announced on Tuesday that the withdrawal rights period for its subsidiary Investindesign has ended, exercised by shareholders representing about 36% of the share capital. The liquidation of the Investindesign shares subject to withdrawal provides, starting today, for the transfer to the withdrawing shareholders of 4.7 million Dexelance shares.

The company also announced that it has increased its stake to 23.8% in the capital of ITH, the holding company controlling the Sesa group.

On the Small-Cap, Aeffe rises by 7.0%, following the 0.4% gain in the previous session.

Bastogi – in a volatility auction after a theoretical 19% rise – signed a preliminary agreement on Tuesday for the sale of 100% of Forumnet Holding to the international group Live Nation, an operation that brings Italy's leading operator in the management and development of multifunctional facilities under the control of the global live entertainment giant.

Gefran – flat at EUR10.60 – announced on Tuesday the start of construction of the new production and technology hub in Provaglio d'Iseo, in the province of Brescia, which will also become the group's new headquarters. The total investment amounts to EUR20 million and concerns the redevelopment and expansion of a building already owned by the company.

OPS Italia drops 3.1%, after a 1.7% decline in the previous session, bringing the price to around EUR0.1395.

At the bottom of the list, Aedes falls 5.4% while Itway retreats 6.1%.

Zucchi shares are suspended after a theoretical 6.8% drop to EUR0.7060 per share.

Among SMEs, strength on Ecomembrane, which continues its upward run and rises 8.1% to EUR4.48 per share, marking its fifth consecutive positive session.

Allcore, on the other hand, is up 2.2% to EUR1.41 per share, after a 2.8% drop the previous day.

Cyberoo rises by 2.2% to EUR1.395. The company – together with Cometa – announced the signing of a strategic distribution agreement aimed at significantly strengthening the presence of Cyberoo solutions in the Italian market. As the company explains in a note, thanks to a widespread distribution network throughout the country, Cometa becomes the official distributor of Cyberoo's cybersecurity solutions, with the goal of expanding the base of active resellers, including system integrators, specialized resellers, and value-added partners.

Adventure reduces its early losses to minus 1.8%. On Wednesday, the company announced that it reported a production value between EUR17.0 million and EUR18.5 million in 2025. Production value growth over 2024 stands between 56% and 69%. EBITDA 2025 is expected in a range between EUR2.4 million and EUR2.7 million, with a margin between 13% and 15%.

In New York, during the European evening, the Dow Jones lost 0.3%, the S&P 500 dropped 0.8%, while the Nasdaq retreated 1.4%.

On the currency front, the euro is trading at USD1.1813 from USD1.1812 at Tuesday's European stock close, while the pound is trading at USD1.3706 from USD1.3697 last night.

Among commodities, Brent is trading at USD67.73 per barrel from USD67.01 on Tuesday, while gold is worth USD5,072.54 an ounce, from USD4,968.16 an ounce last night.

On Wednesday's economic calendar, in the U.S. from 1200 CET, focus on mortgages, while at 1500 CET there is data on services and manufacturing PMI.

By Antonio Di Giorgio, Alliance News Reporter

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