(Alliance News) - The Mib ended Thursday's session in positive territory, managing to break the corrective phase of the previous two sessions thanks to a gradual recovery throughout the day.

However, the market environment remains characterized by a high level of caution, with investor sentiment still significantly shaped by intensifying geopolitical tensions.

Traders continue to price in the increased systemic risk tied to the ousting of Venezuelan President Nicolás Maduro by the USA over the weekend, as well as subsequent statements from Washington regarding a potential coercive acquisition of Greenland, including military options.

Thus, the FTSE Mib closed up 0.3% at 45,617.70 after - as mentioned at the top - two bearish sessions.

Among the smaller indices, the Mid-Cap closed just above parity at 60,543.05, the Small-Cap slipped 0.1% to 37,594.82, while Italy Growth retreated 0.2% to 8,827.00.

London's FTSE 100 ended just below parity, Paris's CAC 40 closed up 0.1%, while Frankfurt's DAX 40 finished just above flat.

Back in Milan, Campari rose 3.6%, remaining at the top of the index after a 2.0% loss in the previous session. The company - with a free float of just over 30% - has an average target price evaluated by 20 analysts of EUR6.87, suggesting it remains undervalued.

Leonardo rallied, climbing 2.0% to EUR58.52 per share. Over the past five sessions, the stock is up more than 14%, while since the start of the year it has gained 19%.

Italgas also showed strength, rising 1.6% to EUR10.54 per share. The stock, according to MarketScreener and an average of 13 analysts, has an average target price of EUR9.60.

Azimut Holding - up 0.7% - announced Thursday that it recorded total net inflows of EUR14.1 billion in December, including the acquisitions of North Square Investments in the USA and Knox Capital in Brazil. This brings total net inflows for the full year to EUR32.1 billion, an increase of 1.8 times compared to 2024 and 4.7 times compared to 2023, surpassing the annual target range of EUR28 billion to EUR31 billion and marking the group's best annual performance ever.

Enel - fractionally higher - announced the successful placement of new non-convertible, perpetual hybrid subordinated bonds totaling EUR2 billion, aimed at institutional investors on the European market. The offering attracted demand more than seven times the supply, with orders peaking at around EUR14 billion, confirming strong market appetite.

Prysmian dropped 4.3% after gaining 0.7% on Wednesday evening. According to MarketScreener estimates, the stock has a projected 2025 P/E ratio of over 21x.

Amplifon closed down 4.5% at EUR13.36 per share, after gaining 1.6% in the previous session.

On the secondary segment, d'Amico took the top spot, advancing 6.1% to EUR5.49 per share. The company - with a market cap of about EUR720 million - has posted a gain of over 10% in the past five sessions.

WIIT also advanced 5.2% to EUR21.45 per share, after two consecutive bearish sessions.

Danieli & C notched a bullish candle of 2.3%, marking its fourth consecutive positive session.

Salvatore Ferragamo slid 5.3% to EUR7.98, following a 2.7% loss the previous day.

Technoprobe also posted a negative note, dropping 3.3% as profit-taking set in after two bullish sessions.

On the Small-Cap side, Italian Sea Group stood out among gainers, marking an 8.2% rise to EUR4.44 per share, its third consecutive positive session.

SYS-Dat - on its fourth bullish session - saw its price rise 1.3% to EUR6.50.

Altea Green Power posted a 3.2% gain to EUR7.27 per share. Alantra reaffirmed its 'buy' recommendation on Altea Green Power with a target price of EUR10.60, in light of an operational update deemed clearly positive by the broker.

Analysts also note that, at current levels, the stock is trading at about 3.1 times the estimated 2026 EV/Ebitda, a valuation considered extremely compressed and not reflective of the value of its BESS pipeline of about 2 GW in advanced development. In light of these factors, the 'buy' recommendation is reiterated.

Softlab rose 2.9%, bouncing back after two consecutive negative sessions.

Aeffe, trailing behind, closed down 4.5% at around EUR0.3380, marking its third consecutive bearish session.

Among SMEs, Estrima gained 6.3% to EUR0.1360 per share, after a 6.6% loss in the previous session.

Dedem advanced over 10% to EUR4.78 per share, after two flat sessions.

Cyberoo also gained 2.0% to EUR1.51 per share, after a 2.3% loss on Wednesday evening. The company - with a free float of 37% and a market capitalization just under EUR61 million - is estimated by two analysts to have an average target price of EUR2.95, nearly double its current market price.

At the bottom, Farmacosmo dropped more than 13%, slipping to EUR0.59 per share, as profit-taking followed a string of gains.

In New York, the Dow Jones is up 0.6%, the Nasdaq is down 0.7%, while the S&P 500 is just above flat.

On the currency front, the euro trades at USD1.1656 from USD1.1689 at Wednesday's close of European equity markets, while the pound trades at USD1.3431 from USD1.3502 the previous evening.

Among commodities, Brent trades at USD61.14 a barrel from USD60.05 a barrel at Wednesday's European close, while gold is worth USD4,454.95 an ounce from USD4,455.63 an ounce the previous evening.

On Thursday's economic calendar, at 0230 CET, China's inflation data is due, covering both consumer and producer prices.

At 0800 CET, Germany will release industrial production and trade balance figures.

At 1000 CET, Italy's retail sales data is due, while at 1100 CET the Eurozone's figures will be released.

At 1345 CET, the ECB's Lane will deliver a speech.

From the USA, at 1430 CET the unemployment rate will be published, while at 2130 CET, as usual on Friday, the COT Report will be released.

On the Piazza Affari corporate calendar, results are expected from Brunello Cucinelli and Growens.

By Maurizio Carta, Alliance News reporter

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