(Alliance News) - The FTSE MIB continued its decline during Monday's session, hovering around 43,300 points, extending the bearish trend from the previous session and aligning with major European equity indices.
Investor sentiment remains weighed down by geopolitical escalation in the Middle East. Houthi forces, aligned with Iran, have intensified operations in Yemen, while statements from President Trump have suggested the possibility of direct intervention regarding Iranian oil resources.
In financial markets, geopolitical uncertainty continues to act as a systemic risk factor, contributing to elevated implied volatility and compressing valuation multiples for blue-chip stocks.
The Italian benchmark is heading toward a monthly contraction of over 6%, the most significant drawdown recorded by the index since June 2022, amid portfolio flows favoring perceived safe-haven assets.
Consequently, the FTSE MIB is currently posting a loss of 0.1% at 43,353.24 points.
London's FTSE 100 - the sole gainer - is up 0.5%, Paris's CAC 40 is down 0.1%, while Frankfurt's DAX 40 is shedding 0.2%.
Among Italy's secondary boards, the Mid-Cap is down 0.3% at 52,631.18, the Small-Cap is trading 0.9% lower at 31,909.64, while Italy Growth is in the red by 0.4% at 8,287.14 points.
On the MIB, Avio is retreating 2.8% to EUR31.35 per share, heading for its third consecutive bearish session if confirmed at the close.
Banca Monte dei Paschi is shedding 1.3%. Fabrizio Palermo and Nicola Maione are set to lead Monte dei Paschi for the next three years, barring any surprises. Their candidacies, backed by Francesco Gaetano Caltagirone, gained momentum after the board excluded former CEO Luigi Lovaglio from its list, leaving the shareholders' meeting to choose between multiple names under the new Capital Law.
As reported by Corriere della Sera on Monday, the alternative candidacy of Lovaglio, supported by Plt Holding with Cesare Bisoni as chairman, has increased uncertainty. However, markets have not favored this option, and Palermo has rapidly emerged as the only viable candidate, with Corrado Passera stepping back.
DiaSorin - down 0.6% - announced on Friday that it purchased 370,663 treasury shares between March 24 and March 27. The shares were acquired at an average unit price of EUR58.86, for a total consideration of EUR21.8 million.
The board of directors of Telecom Italia - up 0.9% - has resolved to terminate the Master Service Agreement with Inwit - down 1.4% - opening a new front of tension between the two companies regarding telecommunications towers.
The termination, formally communicated to Inwit, will take effect upon the contractual expiration in August 2030, but could be brought forward to March 31, 2028, should the change-of-control clause linked to the 2020 operations be deemed applicable. According to TIM, the decision is part of its strategy to optimize infrastructure costs and the group's industrial options. TIM also indicated its intention to begin discussions with Inwit to define a multi-year migration plan to ensure operational continuity, while leaving open the possibility of renegotiating the economic and service terms of the agreement.
Terna is performing well, rising 2.3% to EUR9.67, following a 0.9% gain on Friday evening.
ItalGas is also climbing, up 1.8% to EUR9.96 per share.
Snam is advancing 1.2% to EUR6.45 per share, after a 0.9% gain in the previous session.
In the mid-cap segment, ERG is advancing 2.9% to EUR21.94 per share, following a 1.3% loss the day before.
Salvatore Ferragamo is up 5.7% at EUR6.74 per share. Notably, Bernstein raised its target price to EUR7.50 from EUR4.40 per share.
Danieli & C is advancing 1.0% to EUR60.10 per share. Berenberg confirmed a "buy" recommendation on the stock with a target price of EUR66.00 for ordinary shares and EUR51.00 for savings shares, unchanged from the previous valuation, as analysts continue to see a sustained and visible growth profile driven by order book evolution.
In the report authored by Giovanni Selvetti, the bank highlights that despite geopolitical tensions related to the conflict in Iran and potential negative effects on the steel sector through rising energy costs, Danieli has once again demonstrated the resilience of its business model.
Philogen - down 2.7% - announced on Friday that 2025 closed with a net profit of EUR229.7 million, a sharp increase from EUR45.3 million in 2024. The board will propose a dividend of EUR0.70 per share, for an estimated total amount of approximately EUR28.2 million, with payment scheduled from May 20.
On the Small-Cap board, Centrale del Latte d'Italia is up 7%, ahead of its financial results expected later today.
Bastogi is advancing well, up 4.8% to EUR1.09 per share after a 1.0% loss on Friday evening.
Strength is also seen in Gas Plus, which is up 1.7% after a 5.5% loss in the last session.
Trevi Finanziaria Industriale - which is plunging over 33% - announced that it closed the 2025 financial year with a profit of EUR8.1 million, up from EUR1.5 million the previous year. Furthermore, the board approved the 2026-2030 industrial plan and a new financial maneuver. Regarding 2025 results, revenues amounted to EUR624.0 million compared to EUR663.3 million in 2024.
Olidata is retreating 8.6% to EUR1.28, following a 3.0% gain in the previous session.
Among SMEs, Estrima is up 5.8%, following a 0.8% rise on Friday evening.
Doxee shows strength, with its price rising 4.3% to EUR4.09 per share, on track for its fourth consecutive bullish session if confirmed at the close.
Yakkyo - down 3.6% - announced on Friday that it closed 2025 with a net profit of EUR820,000, a 65% increase compared to EUR499,000 recorded as of December 31, 2024. Sales revenues grew by 54%, reaching EUR19.4 million compared to EUR12.6 million in the previous year.
Cofle is shedding 3.1% to EUR2.47 per share, after a 0.8% gain in the previous session.
In New York on Friday evening, the Dow Jones closed down 1.7%, the Nasdaq retreated 2.2%, while the S&P 500 posted a 1.7% loss.
On the currency front, the euro is trading at USD1.1494 from USD1.1519 on Friday evening, while the pound is trading at USD1.3237 from USD1.3283 on Friday evening.
Among commodities, Brent is trading at USD114.94 per barrel from USD111.44 per barrel on Friday evening, while gold is valued at USD4,532.98 per ounce from USD4,514.78 per ounce on Friday evening.
On Monday's economic calendar, a speech by Federal Reserve Chair Powell is scheduled for 1630 CEST, followed by Williams at 2230 CEST.
By Maurizio Carta, Alliance News reporter
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