(Alliance News) - The Mib moved inconsistently at Tuesday's opening, oscillating between negative and positive territory and currently returning above par in a market context characterized by a lack of clear direction.
The dynamics reflect an unstable balance between supporting factors and downward pressures. On one hand, sentiment remains conditioned by the progressive fading of optimism regarding the possibility of ensuring the security of trade flows in the Strait of Hormuz, a crucial hub for global energy transit. Uncertainty over the formation of an international coalition - in the face of resistance from several countries to align with the proposal put forward by US President Donald Trump - continues to fuel the risk premium.
On the other hand, the intensification of Iranian attacks on energy infrastructure in the Persian Gulf is supporting oil prices, a factor that penalizes energy-intensive sectors but offers support to stocks linked to the hydrocarbon market, helping to contain selling on the Milanese list.
In this context, the Italian market appears driven mainly by tactical flows and short-term sectoral rotations, with investors maintaining a cautious approach while waiting for greater clarity on the geopolitical and energy framework. The index remaining in the parity area signals a consolidation phase, in which a wait-and-see attitude prevails over a defined direction.
Thus, the FTSE Mib is marking a slight rise above parity at 44,386.05 points.
The CAC 40 in Paris is up 0.1%, the DAX 40 in Frankfurt is down 0.4%, while the FTSE 100 in London is marking a 0.1% rise.
Among the minor lists, the Mid-Cap is down 0.9% at 53,032.33, the Small-Cap is down 1.2% at 32,455.32, while Italy Growth is retreating 0.2% to 8,330.77.
On the Mib, A2A is advancing well, pushing the price up 2.4% ahead of the financial results expected later today.
Ferrari - up 0.2% - announced on Monday evening that it had repurchased 61,000 of its own ordinary shares between March 9 and 13 on the Italian stock market, for a total value of almost EUR18 million. During the same period, the Cavallino company repurchased 38,836 of its own ordinary shares on the New York Stock Exchange, for a total value of USD13.3 million, equal to approximately EUR11.5 million.
Eni is advancing 1.2% to EUR22.80 per share, driven - also - by the upward pressure on hydrocarbon prices. Notably, Barclays increased its target price on the stock to EUR27.00 from EUR22.50 per share.
Amplifon is retreating 3.3%, following a 14% loss the previous day. It is worth noting that Marshall Wace - also on Monday - trimmed its short position on the stock to 1.09% from the previous 1.14%.
On the cadet segment, strength is seen in MARR, which is projected forward by 1.8% after a bearish streak.
Aeroporto Guglielmo Marconi di Bologna - bearish at 1.8% - announced on Monday that it closed 2025 with a consolidated profit of EUR24.8 million, an increase of 1.7% compared to the EUR24.4 million recorded in 2024.
The board of directors will propose to the assembly the distribution of a dividend of EUR0.35 per share, while in the previous financial year the dividend was EUR0.471.
Tamburi Investment Partners - down 0.4% - announced that it closed 2025 with a pro-forma consolidated net profit of EUR95 million, a 47% increase from EUR64.6 million as of December 31, 2024. The company announced that it has proposed a dividend of EUR0.26 per share, up from the EUR0.15 paid in 2024.
On the Small-Cap, Risanamento is advancing 4.2%, after yesterday's 6.5% loss at the close, bringing the negative sign on market cap value since the beginning of 2026 to over 26%.
Gabetti Property Solution - in the green by 1.7% - announced on Monday that it approved consolidated data as of December 31, 2025, reporting a group net profit of EUR100,000 compared to EUR1.1 million in 2024. Revenues stood at EUR108.5 million, a 26% reduction from EUR147.2 million in 2024. The decrease is mainly attributable to lower revenues from the Gabetti Lab group related to contracting activities and, to a lesser extent, to the decline in revenues in the Corporate Services business line.
Eurotech - down 0.2% - announced on Monday that it closed the 2025 financial year with a net loss of EUR9.3 million, a 74% improvement compared to the loss of EUR36.2 million recorded in 2024. Consolidated revenues stood at EUR55.4 million, a 6.4% decrease compared to EUR59.1 million in the previous year.
Datalogic is marking a bearish candle of 3.7% at EUR3.67 per share, in its fourth session in negative territory.
Among SMEs, strength is seen in Ecomembrane, which is pushing the price up 3.7% to EUR5.60, in its fourth session with a bullish candle.
Siav - down 6.7% - announced on Monday that it had approved a capital increase proposal, to be submitted to the extraordinary shareholders' meeting, regarding a capital increase of up to a maximum of EUR5.0 million through the issuance of ordinary shares without indication of par value and having the same characteristics and rights as the shares in circulation. The final subscription deadline is set for December 31.
Monnalisa - not yet traded - announced on Tuesday that it closed 2025 with a loss of EUR7.0 million, stable compared to the previous year. Revenues amounted to EUR34.3 million, a slight decrease from EUR34.5 million in 2024.
Adventure is down 8.6% to EUR16.50 per share, remaining bearish for the third consecutive session.
In New York, during the European evening, the Dow closed in the green by 0.8%, the Nasdaq marked a plus 1.2%, while the S&P 500 gained 1.0%.
In Asia, the Nikkei fell 0.1%, the Shanghai Composite left 0.9% on the floor, while the Hang Seng closed marking a 0.1% gain.
On the currency front, the euro is changing hands at USD1.1496 from USD1.1481 on Monday, while the pound is trading at USD1.3312 from USD1.3294 yesterday evening.
Among commodities, Brent is trading at USD103.97 per barrel from USD102.92 per barrel yesterday, while gold is worth USD5,019.37 per ounce from USD4,981.49 per ounce on Monday evening.
On Tuesday's economic calendar, Italy's inflation will be released at 1000 CET and the ZEW index of German economic conditions will be available at 1100 CET.
At 1230 CET, the Chicago Fed President will give a speech, while at 1615 CET, the speech by Buba President Nagel is expected.
At Piazza Affari, results are expected from A2A, Poste Italiane, PharmaNutra, and other companies.
By Maurizio Carta, Alliance News reporter
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