(Alliance News) - The Mib is advancing in the 34,300 area on Thursday, marking the sixth consecutive session of gains and reaching its highest level since mid-November. The index is following the positive trend seen across Europe, with investors appearing to have ignored concerns over the political situation in France.

Domestically, the latest PMI data showed that Italy's construction sector remained in contraction in November, extending its decline for the eighth consecutive month, although the drop was the smallest since May.

In Milan, the volume marks 220 million pieces traded, worth about EUR800 million and a put/call ratio of 2.11. Considering all listings, only 32 percent of stocks are up, while 17 percent are down, 5 percent unchanged, and 46 percent not traded,

Thus, the FTSE Mib is marking a green of 0.8 percent at 34,345.63 points.

In Europe, London's FTSE 100 is advancing 0.1 percent, Paris' CAC 40 is up 0.4 percent, and Frankfurt's DAX 40 is advancing with 0.4 percent.

Among the smaller listings, the Mid-Cap is up 0.3% to 47,624.85, the Small-Cap has advanced 0.6% to 27,989.59, and Italy Growth is up 0.1% to 7,730.94.

On the Mib, Telecom Italia advanced well, rising 3.5% to EUR0.2345 in its third bullish session.

Stellantis does even better, taking the top spot on the list up 3.7% to EUR12.53 on its third bullish session.

UniCredit CEO Andrea Orcel called the offer for Banco BPM "fair," which involves an exchange of 0.175 UniCredit shares for each Banco BPM share, which corresponds to a price of EUR6.657 per share, a 15-20% premium to stock market prices unaffected by events, such as the takeover bid on Anima and consolidation rumors, the Corriere della Sera newspaper further reports. The stock is advancing 2.5 percent.

BPER Banca -- in the green by 0.9 percent -- announced Wednesday that it has received prudential requirements from the European Central Bank to be met as of January 1, 2025. The ECB ruled that BPER will have to maintain on a consolidated basis a minimum capital ratio in terms ofCommon Equity Tier 1 ratio of 8.93 percent - consisting of the sum of the minimum regulatory Pillar 1 requirement of 4.5 percent, the additional Pillar 2 requirement of 1.27 percent and the Combined Buffer Requirement of 3.16 percent -, while the minimum Total Equity requirement will have to be 13.41 percent.

Eni - in the red by 0.1 percent - announced on Wednesday that it had purchased 4.6 million of its own shares at a weighted average price of EUR13.5273 for a total value of EUR62.5 million in the period between November 25 and 29.

Prysmian, on the other hand, is closing the bluechip segment with a 1.1 percent loss, the subject of profit taking after three sessions closed with a bullish candle.

On the Mid-Cap, strength on Digital Value, which is advancing 7.6 percent to EUR21.85 per share, in its third bullish session.

Alerion is advancing 2.8 percent to EUR18.26 per share, rearing its head after two bearish sessions.

Banca Generali - in the green by 0.7 percent - said Thursday that following receipt of authorization from the Bank of Italy, it intends to exercise its option to repay the outstanding EUR50 million Additional Tier 1 bond in full early on the first available repayment date.

Newlat Food -- in the green by 0.8 percent -- reported Wednesday that it bought 43,640 shares between Nov. 4 and Nov. 29 for a total value of about EUR505,000.

GVS, on the other hand, marks minus 1.1 percent, veering downward after two bearish sessions.

On the Small-Cap, doValue advances more than 16 percent, bringing the price to EUR1.63 per share.

Also doing well is Bialetti, which advances 6.1% with new price at EUR0.1835 , after the eve's red with 1.1%. There is high trading volume on the stock, with more than 86,200 pieces changed hands compared with a three-month daily average of just under 36,000.

Beghelli, on the other hand, is giving up 1.7 percent, with new price in the EUR0.2280 area. The stock, on the MarketScreener platform, is priced by a single analyst with a target of EUR0.38, showing that it is under-priced by about 63 percent.

Among SMEs, G Rent advances more than 12% to EUR0.41, heading for its fifth bullish session.

Circle - in the green by 1.0% - on Wednesday announced the creation of eXyond company, following the corporate transformation, name and business name change of Log@Sea, founded in 2014 as Enterprise Network and 51% controlled by Circle, the remaining 49% by Aitek.

Rocket Sharing Company - flat at EUR0.38 - on Wednesday announced the successful conclusion of the ABB - Accelerated Bookbuild - with the subscription of 300,000 newly issued ordinary shares with no indication of par value and having the same characteristics as those outstanding, resulting from the capital increase.

Maps - in the green by 1.0 percent - on Wednesday announced that it has been awarded a new contract worth a total of about EUR530,000 to supply the Desium consortium with an integrated software and hardware system for the management of Legality Protocols, Job Documentation and Access and Attendance Recording.

Instead, Lemon Sistemi is advancing more than 11 percent, in its third bullish session and with price in the EUR2.25 area.

In New York on the European evening, the Dow closed in the green by 0.7 percent, the Nasdaq rose 1.3 percent and the S&P 500 advanced 0.6 percent.

Among currencies, the euro changed hands at USD1.0537 from USD1.0529 in Wednesday's European stock close. The pound is worth USD1.2728 versus USD1.2703 on Wednesday evening.

Among commodities, Brent crude is worth USD72.39 a barrel from USD73.31 at last night's close. Gold trades at USD2,647.84 an ounce from USD2,679.04 an ounce last night.

Thursday's macroeconomic calendar includes in the afternoon, from the U.S., at 1430 CET, continuing unemployment claims, and at the same time, the trade balance figure will be released.

It closes, also from the US, at 2230 CET with the Fed's balance sheet.

By Maurizio Carta, Alliance News reporter

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