(Alliance News) - On Tuesday, the Mib hovered around the flatline, moving in a choppy trend, though investor sentiment remained buoyed by attractive valuations and corporate results previews.
Traders are also monitoring geopolitical risks linked to Greenland and Iran, along with concerns over the independence of the Federal Reserve.
The Mib is thus showing a fractional loss at 45,709.46 points.
Among secondary indices, the Mid-Cap is down 0.2% at 60,686.71, the Small-Cap slips 0.1% to 37,776.58, while Italia Growth posts a marginal loss at 8,852.14.
The CAC 40 is down 0.2%, while the DAX 40 is just below parity, as is the FTSE 100.
On the Mib, Fincantieri is down 3.6%, the target of profit taking after a recent rally.
Buzzi is also falling, down 2.3%, after a 3.2% gain in the previous session.
Diasorin is off to a good start, rising 1.9%, following a 1.2% gain the day before.
Strength also for Banca Monte dei Paschi di Siena, up 1.4% and aiming for a third consecutive bullish candle.
UniCredit – up 0.1% – announced Monday it had placed perpetual Additional Tier 1 instruments with the first call period between December 2035 and June 2036, for a total amount of EUR1 billion, aimed at institutional investors and included in the MREL 2026 funding plan.
Banco BPM is also up 0.1%. Crédit Agricole has received approval from the European Central Bank to exceed 19.8% in Banco BPM thanks to derivatives on a further 0.3%, bringing its stake to 20.1%. As reported by Corriere della Sera on Tuesday, the French bank reiterates it does not intend to take control or exceed the mandatory takeover bid threshold. Growth could occur in two stages, up to 24.9% and then 29.9%, with the entry into force of the new TUF limit.
On the mid-cap segment, Enav is down 1.8%, on track for its third straight loss if confirmed at the close.
Avio is also down 2.0%. The company – with a MarketScreener forecast P/E of 130x for 2025 – has increased its market cap by over 25% since the start of the year.
MAIRE – flat at EUR13.35 – announced Tuesday that Nextchem, through its subsidiary Stamicarbon, licensor of nitrogen fertilizer technology, has secured two contracts in China, leveraging its proprietary technology portfolio. Nextchem will provide the license and PDP for a new nitric acid plant in China.
LU-VE – up 0.4% – reported Tuesday it closed the fourth quarter of last year with annual revenue up 10% to EUR163.3 million. The order backlog rose 34% to EUR233.7 million.
Mondadori Editore – down 0.2% – announced Monday that between January 7 and 9 it purchased 211,140 ordinary shares at an average price of about EUR2.1162 each, for a total of EUR446,816.44. Following these transactions, the company owns 917,837 treasury shares, equal to 0.4% of share capital.
PharmaNutra – up 1.2% – announced Monday that its board approved preliminary sales data for fiscal 2025, showing solid and broad-based revenue growth. Consolidated net revenues stood at EUR131.7 million, up EUR16.2 million from 2024, a 14% increase.
On the Small-Cap, Zucchi is down 8.0% to EUR0.68 per share. The company – with a market cap just under EUR39 million and a free float of 1.7% – has not paid a dividend since 2023.
Gabetti falls 2.8% to EUR0.6320, after gaining 1.6% in the previous session. According to MarketScreener – based on the valuation of a single analyst – the target price is EUR1.50, making the stock appear significantly undervalued.
Among SMEs, Ena is down 3.7% to EUR1.03 per share, currently at the bottom of the list, with profit taking after a 16% gain the previous day.
Circle – not yet traded with the last price at EUR8.36 – announced Tuesday it has signed a 12-month contract with a major intermodal transport operator for the development of the MILOS MTO and TFP platforms, worth about EUR315,000.
Estrima, on the other hand, is up 4.8% to EUR0.1420 per share, following a 4.2% gain the previous day.
Compagnia dei Caraibi is also trading higher, up 4.2% to EUR0.4450 after falling 4.5% the day before.
In New York, during the European evening, the Dow Jones gained 0.2% as did the S&P 500, while the Nasdaq closed up 0.3%.
Among Asian markets, the Nikkei gained 3.1%, the Hang Seng closed up 0.9%, while the Shanghai Composite fell 0.6%.
On the currency front, the euro is trading at USD1.1658 from USD1.1679 at Monday's close in Europe, while the pound is changing hands at USD1.3464 from USD1.3470 Monday night.
Among commodities, Brent is trading at USD64.25 a barrel from USD63.53 a barrel at Monday's European close, while gold is worth USD4,581.20 an ounce from USD4,614.66 an ounce Monday night.
On Tuesday's economic calendar, at 1000 CET Bank of England Governor Bailey is scheduled to speak.
At 1110 CET there is an auction of 3-year Italian BTPs. Meanwhile, US employment and consumer price data are expected from 1415 CET, with the economic optimism index and new home sales at 1600 CET.
By Maurizio Carta, Alliance News Reporter
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