(Alliance News) - The Mib closed in negative territory on Tuesday, hovering around 46,600 points and halting the recovery seen over the previous two sessions. Among the standout stocks, Ferrari distinguished itself as the best performer on the index, posting the session's brightest results and finishing at the top of the pan-European Euro Stoxx 50 alongside the Dutch company Wolters Kluwer.
Across the Atlantic, meanwhile, the main US stock markets are trading in the green, buoyed by a session start dominated by buying activity.
On the monetary policy front, the market is almost fully pricing in a rate pause by both the ECB and the Federal Reserve at their March meetings.
The Mib thus fell by 0.1% to 46,651.72 points, the Mid-Cap rose by 0.2% to 59,662.99, the Small-Cap closed just above parity at 36,916.55, and the Italy Growth index ended down 0.2% at 8,718.07 points.
The CAC 40 gained 0.3%, the DAX 40 advanced by 0.1%, while the FTSE 100 closed with a fractional loss.
At Piazza Affari, among the minority of decliners, several banking stocks stood out. Banca Popolare di Sondrio dropped 2.8% to EUR17.35 per share, following a 0.3% loss the previous day.
UniCredit — down 1.3% — on Monday approved its annual financial statements and consolidated accounts as of December 31, with a cash dividend distribution of EUR2.57 billion, corresponding to EUR1.72 per share. UniCredit's net profit stands at EUR8.12 billion, while the consolidated figure reaches EUR10.9 billion. The approval took place during the board meeting ahead of the shareholders' assembly scheduled for March 31.
Ferrari performed strongly, with the stock topping the segment and advancing by 4.2% to EUR316.50 after two sessions of losses.
Strength was also seen in STMicroelectronics, which closed up 1.1% at EUR28.80 per share after a 0.2% dip the previous day.
Stellantis, meanwhile, rose by 1.8% to EUR6.59 per share, after a 1.2% drop the previous day. According to data provided by ACEA on Tuesday, Stellantis sales increased in January in the EU, Iceland, Norway, Switzerland, and the UK. This result contrasts with the overall automotive market in the reference area, which recorded a 3.9% drop in registrations.
Enel advanced by 1.0% to EUR9.79 per share. Notably, DZ Bank raised its price target to EUR10.90 from EUR10.50, confirming a "buy" recommendation. Barclays also increased its target price to EUR11.00 from EUR10.00, maintaining an "overweight" rating.
Tenaris — up 1.4% — announced it has decided to conclude the second tranche of its buyback plan announced last May. As previously reported by the company, Tenaris had signed a buyback agreement with a major financial institution for the execution of the second USD600 million tranche of its share repurchase program. Since the start of this tranche, the company has acquired 29.3 million of its own ordinary shares, investing USD583.6 million.
On the Mid-Cap segment, Carel Industries showed strength, rising 5.3% to EUR23.00 per share after a 1.1% loss the previous day.
Avio advanced 6.0% to EUR36.95 per share. Notably, last Friday the US fund PDT Partners increased its short position on the aerospace group, raising it from 0.51% to 0.60% of capital. Voleon Capital also strengthened its short position, increasing it from 1.00% to 1.15%.
Fiera Milano rose by 4.2% to EUR8.44 per share, continuing its upward streak.
Juventus Football Club — down 0.3% — announced it closed the first half of 2025-2026 with a loss of EUR2.5 million compared to a net profit of EUR16.9 million in the same period last year. First-half revenues amounted to EUR260.6 million, down from EUR291.6 million in the first six months of 2024-2025.
BFF Bank also lost ground, falling 6.1%, with its year-to-date loss now exceeding 60%.
On the Small-Cap, SS Lazio pushed its price up by 5.8%, marking its third session with a bullish candle. As Francesco Bonazzi explains in Alliance News, "fans want the right-wing entrepreneur and politician to sell the club, but Lotito again denied the existence of offers last Friday. Yesterday the stock acknowledged this and paused. Today it resumed its rally, as if Lotito had not spoken. Who is buying remains unclear, but many shareholders hope for something similar to what happened at Juventus, where Tether snapped up 10% and now wants a say."
The alternative — as the Alliance News columnist explains — would be popular shareholding. "A law encouraging this was presented by Matteo Salvini's Lega and has passed its first reading in the Chamber of Deputies. It is now in the Senate, where a week ago it was blocked not by the opposition, but by Forza Italia. However, the Carroccio's proposal is rather watered down, as it allows fans to acquire no more than 1%, even if they can have a board member," Bonazzi explains.
"In any case, according to the bill, the club must agree. In short, it would be more of a commercial operation than a substantive one," Bonazzi concludes in his "Affari in Piazza" column.
Eurogroup Lamination shares rose 2.9%, following a 0.5% gain on Monday evening. The stock — which is estimated on the MarketScreener platform to have a 2025 P/E of 19x — has lost over 56% of its market cap value since the start of the year.
The board of directors of Industrie De Nora — down 2.3% — approved preliminary results as of December 31, closing the year with adjusted EBITDA of EUR171.8 million, up 9.1% from EUR157.4 million in 2024, and an EBITDA margin of 19.6% compared to 18.2% the previous year. Consolidated revenues reached EUR875 million, up 4.4% at constant exchange rates.
The group generated around EUR115 million in operating cash flow during the year and reports a positive net financial position, up 29% to EUR87 million.
The Italian Sea Group fell by more than 13% to EUR2.18 per share, continuing its downward trend, with the last five sessions all in the red for a total loss of over 48%.
Among SMEs, Datrix advanced 8.3%, marking its third consecutive session of gains. The company announced on Tuesday that Bytek, the group's martech company specializing in Predictive Intelligence and data activation, has joined the Google Cloud Ready - BigQuery program after meeting the requirements for the BI, ML, and Advanced Analytics category.
Friends shares rose by 3.3% to EUR1.40 per share after a flat session the previous day.
Green Oleo — up 0.8% — announced on Monday that it closed 2025 with a production value of EUR73.3 million, up 1.6% from EUR72.1 million as of December 31, 2024. Revenues fell by 2.1%, penalized by a decline in Italy and only partially offset by growth abroad.
Helyx Industries — down 0.3% — announced on Tuesday that it has reviewed preliminary consolidated results for the 2025 fiscal year, reporting revenues of EUR1.9 million, up 140% from EUR1.0 million in 2024, derived from the sale of products and services across its three divisions: Hyris, Vytro, and Mytho. EBITDA was negative at EUR1.4 million, an improvement from the negative EUR2.7 million recorded in the previous year.
In New York, as previously noted, the trend is upward, with the Dow Jones up 0.6%, the S&P up 0.5%, and the Nasdaq advancing 0.9%.
On the currency front, the euro trades at USD1.1787, down from USD1.1801 at Monday's close of European trading, while the pound trades at USD1.3532 from USD1.3497 last night.
Among commodities, Brent is trading at USD71.11 per barrel, up from USD66.90 per barrel on Monday evening, while gold is valued at USD5,138.45 per ounce, down from USD5,202.46 per ounce last night.
Among the main events on Wednesday's economic calendar, at 0700 CET Germany's GDP data will be released, while at 1010 CET Italy will hold a six-month BOT auction.
At 1200 CET, US mortgage data will be published, while at 2130 CET the Federal Reserve's weekly balance sheet will be available.
Among companies, results are due from Datrix, Eni, Pirelli, Poste Italiane, and Prysmian.
By Maurizio Carta, Alliance News Reporter
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