Mib Slightly Below Par; Pirelli Drives Mid-Cap Gains

(Alliance News) - The Mib on Tuesday is exhibiting volatile movement, trading just below par, despite market sentiment remaining supported by relatively attractive valuations and preliminary corporate quarterly results.

Traders continue to monitor geopolitical risks, particularly those linked to Greenland and Iran, alongside the monetary policy implications stemming from concerns over the independence of the Federal Reserve.

The Mib is therefore marking a 0.1% decline at 45,677.23 points.

Among the smaller indices, the Mid-Cap is down 0.2% at 60,646.73, the Small-Cap is losing 0.6% at 37,611.88, while Italy Growth is posting a 0.3% loss at 8,832.64.

The CAC 40 is down 0.2%, while the DAX 40 and the FTSE 100 are both losing 0.1%.

On the Mib, Diasorin continues to show strength, up 2.7%, following Monday's 1.2% gain and taking the top spot on the index.

Strength is also seen in Banca Monte dei Paschi di Siena, which is up 1.6%, aiming for a third consecutive bullish candle.

UniCredit – up 0.2% – announced on Monday that it has placed perpetual Additional Tier 1 instruments with a first call in the period December 2035-June 2036, for a total amount of EUR1 billion, aimed at institutional investors and included in the MREL 2026 funding plan.

Banco BPM is flat at EUR12.91 per share. 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 that it does not intend to take control nor exceed the mandatory takeover threshold. Growth could occur in two phases, up to 24.9% and then to 29.9%, with the new TUF limit coming into effect.

Fincantieri is down 3.4%, subject to profit taking after a winning streak.

Buzzi is down 3.7%, following Monday's 3.2% gain, closing the index at EUR52.50 per share.

On the Mid-Cap segment, Pirelli is pushing the price up by 2.5% to EUR6.35, with the stock having gained 8.5% over the last five sessions.

PharmaNutra – up 2.1% – announced on Monday that the board has approved preliminary sales figures for the 2025 fiscal year, showing solid and widespread revenue growth. Consolidated net revenues stand at EUR131.7 million, an increase of EUR16.2 million compared to 2024, equivalent to a 14% rise.

LU-VE – up 0.3% – announced on Tuesday that 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 – up 0.2% – reported on Monday that between January 7 and 9, it purchased 211,140 ordinary shares at an average unit price of approximately EUR2.1162, for a total value of EUR446,816.44. Following these transactions, the company holds 917,837 treasury shares, equal to 0.4% of the share capital.

Enav is down 2.7%, marking its third consecutive bearish session if confirmed at close, with the price hovering around EUR4.73.

Cementir Holding is down 3.2%, following Monday evening's 1.1% negative close.

MAIRE – bearish by 0.4% – announced on Tuesday that Nextchem, through its subsidiary Stamicarbon, licensor of nitrogen fertilizer technology, has secured two contracts in China by leveraging its proprietary technology portfolio. Nextchem will provide the license and PDP for a new nitric acid plant in China.

On the Small-Cap, Zucchi is down 3.7% at EUR0.72 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 is down 2.2% at EUR0.6360, after a 1.6% gain in the previous session. According to MarketScreener – based on a single analyst's evaluation – the stock has a target price of EUR1.50, making it significantly undervalued.

Among SMEs, Estrima is up 2.6% at EUR0.1390 per share, following Monday's 4.2% gain.

Compagnia dei Caraibi is also performing well, up 4.2% at EUR0.4450 after a 4.5% drop in the previous session.

Ena is down 5.6% at EUR1.01 per share, currently at the bottom of the list, with profit taking dominating after Monday's 16% gain.

Circle – down 1.9% at EUR8.20 – announced on Tuesday that it has signed a 12-month contract with a major intermodal transport operator for the development of the MILOS MTO and TFP platforms, valued at approximately EUR315,000.

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%.

In currency markets, the euro is trading at USD1.1667 from USD1.1679 at Monday's European stock close, while the pound is trading at USD1.3475 from USD1.3470 on Monday evening.

Among commodities, Brent is trading at USD64.67 per barrel from USD63.53 per barrel at Monday's European stock close, while gold is valued at USD4,582.38 per ounce from USD4,614.66 per ounce on Monday evening.

On Tuesday's economic calendar, 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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