Mib Drops to 44,500; MPS Holds Firm Against Declines

(Alliance News) - European markets extended their losses on Tuesday, following their worst performance since mid-November the day before.

Investor sentiment remains under pressure amid growing concerns over the introduction of new trade tariffs.

Tensions with the USA have intensified after President Trump threatened to impose additional tariffs on several European countries should they oppose his proposal to acquire Greenland.

The president also warned of the possibility of a 200% tariff on wine and champagne, following President Macron's refusal to join his peace initiative. At the same time, Trump criticized the UK government's decision to transfer sovereignty of the Chagos Islands to the Mauritian government.

The Mib is thus down 1.2% at 44,578.37 points.

Other indices are also in negative territory, with the CAC 40 down 1.0%, the DAX 40 losing 1.2%, and the FTSE 100 falling by 1.1%.

Among the smaller indices, the Mid-Cap is down 1.3% at 59,939.97, the Small-Cap is off by 1.0% at 37,252.62, and the Italy Growth index is down 0.2% at 8,773.36.

On the Mib, among the few risers is Banca MPS, up 1.7%, following a 0.9% gain the previous day. Notably, Barclays has raised its target price on the stock to EUR9.20 from EUR8.20, with an "equal weight" rating.

Amplifon is up 1.9% at EUR13.04 per share, rebounding after three bearish sessions in which it lost nearly 8%.

Ferrari — down 0.2% — announced on Monday that it had bought back 45,500 of its own ordinary shares between January 12 and 16. The shares were acquired at an average unit price of EUR311.1803, for a total value of EUR14.2 million.

UniCredit — down 0.3% — reported on Monday that it had bought back nearly 1.1 million of its own ordinary shares between January 12 and 16. The shares were purchased at an average price of EUR72.0405, for a total value of EUR77.2 million.

On the Mid-Cap segment, PharmaNutra is up 1.0% at EUR64.00 per share, following a 6.6% gain the previous day.

Mondadori — down 0.7% — announced it had bought back 488,860 of its own ordinary shares between January 12 and 16. The shares were acquired at an average price of approximately EUR2.14 per share, for a total value of EUR1.5 million.

Ferretti, on the other hand, is down 1.6%. The battle for control of the luxury yacht builder is heating up. Ahead of the board's renewal in May, Czech billionaire Karel Komárek's KKCG Maritime has launched a partial voluntary takeover bid to increase its stake from 14.5% to 29.9%, remaining below the mandatory takeover threshold.

The offer is EUR3.50 per share, representing a premium of over 21% compared to December prices. The move is seen as a direct challenge to majority shareholder Weichai, which, since December 11, has increased its stake to 38.2% and has long disputed the management led by Alberto Galassi.

CIR — down 0.6% — announced Monday that, between January 12 and 16, it bought back 290,000 of its own ordinary shares at an average price of EUR0.7046 each, for a total value of EUR204,337.00. The company now holds 53.6 million treasury shares, equal to 5.9% of its share capital.

On the Small-Cap, Landi Renzo leads the pack, advancing 4.7% after a 2.1% drop in the previous session. The stock, which has not paid a dividend since 2011, is now trading around EUR1.05.

Class Editori is up 3.3% at EUR0.1405 per share, bouncing back after a string of losses.

I Grandi Viaggi — down 2.6% — reported Monday that it closed the fiscal year on October 31, 2025, with a consolidated net profit of EUR3.5 million, up from EUR3.3 million the previous year.

At the parent company level, net profit stood at EUR2.17 million, down from EUR2.80 million in 2024.

EPH, meanwhile, is down 4.3% at EUR0.11 per share, though the stock is still up about 13% since the start of the year.

Among SMEs, IDNTT is up 4.4% at EUR2.84 per share, after a 3.6% loss in the previous session.

Diadema Capital — not yet traded — announced Monday the early release of the lock-up agreement on 250,000 ordinary shares held by Lefin Holdings, equal to 4.1% of the ordinary shares and 3.8% of the share capital.

The authorization for the release was granted by Euronext Growth Advisor EnVent Italia SIM, following a request by the shareholder.

Neosperience — also not yet traded — announced Monday that it finalized, on January 14, the sale of a minority stake equal to 40% of RHEI's share capital to related party XCUBED, for a total consideration of EUR500,000. RHEI was previously 100% owned by Neosperience.

Saccheria F.lli Franceschetti is down 3.2%, following a 5.3% loss in the previous session.

In Asia, the Nikkei lost 1.1%, the Shanghai Composite closed marginally lower, while the Hang Seng ended down 0.3%.

In currency markets, the euro is trading at USD1.1666 from USD1.1645 at Monday's European stock market close, while the pound is trading at USD1.3431 from USD1.3432 on Monday evening.

Among commodities, Brent crude is trading at USD63.94 per barrel from USD64.11 per barrel on Monday, while gold is valued at USD4,715.40 per ounce from USD4,671.09 per ounce on Monday evening.

Tuesday's economic calendar includes a speech by BoE's Bailey at 1045 CET, while at 2230 CET, the US weekly oil inventory report is due.

On Piazza Affari, results from B&C Speakers are expected.

By Maurizio Carta, Alliance News Reporter

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