(Alliance News) - The Mib ended the last session of the week in negative territory, bringing the points marker to the 47,200 area, in line with other European and American markets, which are currently in full trading mode.
Stocks most exposed to the AI boom extended losses triggered by growing analyst doubts about the sustainability of the rush to invest in infrastructure, which resurfaced after Nvidia's quarterly report. Nvidia is again posting a loss today, hovering around minus 2.0%.
The rotation favored long-term Treasuries, with the 10-year yield dropping below 4% to 3.98%—the lowest in four months—despite mixed signals on the macro front. In January, producer price inflation fell less than expected, while the core component surprised to the upside, reigniting fears of persistent price pressures.
Thus, the FTSE Mib closed down 0.5% at 47,209.59, the Mid-Cap ended down 0.4% at 59,976.64, the Small-Cap rose 0.6% to 36,502.64, while the Italy Growth index gained 0.2% to 8,728.25.
London's FTSE 100 rose 0.7%, Paris's CAC 40 slipped 0.5%, while Frankfurt's DAX 40 closed up 0.1%.
Back in Milan, on the main list of Piazza Affari, Saipem showed strength, closing up 2.6% at EUR3.57 per share. UBS raised Saipem's target price to EUR3.80 from EUR3.40 with a 'buy' recommendation.
Parent company Eni advanced 1.5% to EUR19.65. Notably, UBS raised its target price to EUR21.00 from EUR18.00, while Barclays lifted it to EUR22.50 from EUR20.00.
Banca Monte dei Paschi di Siena announced Friday the approval of its 2026–2030 Industrial Plan, titled "From deep roots to new frontiers, a leading competitive force in banking." This follows the successful public tender offer and exchange on Mediobanca, with an acceptance rate of 86.3%, and foresees the merger by incorporation of Mediobanca into MPS, with full-synergy savings of EUR700 million.
Banca Monte dei Paschi dropped 6.8%, while Mediobanca shares fell 6.2%.
FinecoBank also slipped 1.8% to EUR19.99 per share. UBS Research confirmed its 'buy' recommendation with a target price of EUR23.80, compared to a market price of EUR20.49 as of February 26, in anticipation of the March 4 Capital Markets Day, seen as a potential positive catalyst.
Analyst Adele Palama notes that the new strategic and financial targets for 2026-2029 on key variables could guide estimates in the coming years.
On the mid-cap segment, ERG stood out, closing up 4.2% at EUR24.94 per share. A2A—down 0.4% on the Mib—addressed press rumors of possible deals with ERG, clarifying that such evaluations fall within the group's normal strategic analysis activities.
Iren gained 2.9% to EUR2.84 per share, marking its third consecutive positive session.
Alerion closed up 2.5% at EUR18.90 per share, following a 1.2% gain the previous day.
MAIRE—down 0.4%—continues its buyback program. Most recently, it announced the purchase of 448,496 own ordinary shares between February 20 and 26, for a total value of EUR6.9 million.
Sanlorenzo, on the other hand, closed down 2.9% at EUR33.35 per share, after a 1.0% gain on Thursday evening.
On the Small-Cap, Eurotech showed strength, pushing its price up 1.7% to EUR1.07 per share, continuing its upward trend. Over the last five sessions, the stock has posted a gain of over 27%.
doValue's board—up 8.1%—approved preliminary results for 2025 on Thursday. The net loss stood at EUR8.2 million, compared to a profit of EUR1.9 million in 2024. Adjusted net profit, which excludes non-recurring items, more than tripled to EUR25.3 million from EUR6.7 million. In light of these results, the proposed dividend to be submitted to the next board meeting is expected to be in line with the group's dividend policy.
Olidata advanced 4.8% to EUR1.90. On Thursday, the company denied press reports regarding possible interest in acquiring the Salernitana football club. In a statement, the board emphasized that "neither the company nor any other company in the Olidata group is involved in negotiations regarding the possible acquisition of the football club."
The Italian Sea Group, however, ended down 5.4%, at the bottom of the list with a price around EUR2.08 per share.
Among SMEs, Pozzi Milano—up 3.1%—announced Thursday it closed 2025 with revenues of EUR26.0 million, highlighting a significant consolidation of the group's performance. The figure "confirms the ability to generate substantial volumes in the second half of the year, in line with the natural seasonality of the business and reference sector," the company stated.
Mare Group—up 0.9%—announced Friday that, since the start of 2026, its Infrastructure & Building Division La SIA has acquired new orders totaling EUR4.3 million, marking a 38% increase over the same period in 2025. The new orders, mainly related to strategic national infrastructure and major institutional clients, include high-tech and specialist contracts ranging from engineering design to structural verification.
Dedem—up 3.8%—reported it closed 2025 with consolidated net profit of EUR1.8 million, down 18% from EUR2.2 million in 2024. The board proposes to allocate the profit as follows: EUR85,297.93 to legal reserve, EUR1.4 million to cover losses, and EUR132,022.87 to cover the negative reserve.
Finanza.tech, meanwhile, dropped 6.8% to EUR0.27, after a flat session the previous day.
In New York, as mentioned, the Dow Jones is down 0.5%, as is the S&P 500, while the Nasdaq is down 0.4%.
On the currency front, the euro is trading at USD1.1814 from USD1.1793 at Thursday's close in Europe, while the pound is trading at USD1.3449 from USD1.3533 last night.
Among commodities, Brent crude is trading at USD72.69 per barrel from USD72.36 per barrel on Thursday evening, while gold is valued at USD5,255.19 an ounce from USD5,178.00 an ounce last night.
Among the main events on Monday's economic calendar, at 0800 CET the UK house price index will be released, while between 0915 CET and 1030 CET manufacturing PMIs for Spain, Italy, France, Germany, the Eurozone, and the UK will be published.
At 1445 CET, the same data will be released for the USA, followed at 1500 CET by the ISM figure.
Among Piazza Affari companies, results are expected from Anima Holding, ICOP, and Lottomatica Group.
By Maurizio Carta, Alliance News reporter
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