Mib travels in green; buying on MPS and DiaSorin.

(Alliance News) - The Mib reversed course on Monday, repositioning itself in a firmly positive trend after a shaky start as the points aticle marked 38,500. Traders analyzed the German election results where the CDU/CSU got over 28 percent, followed by the AfD with over 20 percent and the SPD with over 16 percent. Merz of the CDU will need a coalition partner, with the SPD as the most likely option.

Among economic data, the annual inflation rate in the Eurozone was 2.5 percent in January, up from 2.4 percent in December but lower than the 2.8 percent recorded a year earlier, according to data released Monday by Eurostat.

Thus, the FTSE Mib is in the green by 0.4 percent to 38,559.60, the Mid-Cap is in the green by 0.2 percent to 50,897.75, the Small-Cap rises fractionally to 30,038.04 while Italy Growth advances 0.3 percent to 7,888.05.

London's FTSE 100 is in the green by 0.3 percent, Paris' CAC 40 gives up 0.2 percent, while Frankfurt's DAX 40 is advancing 0.9 percent.

On the highest-capitalization list in Piazza Affari, strength on Banca Monte dei Paschi, which is up 2.0% to EUR6.55 per share, in its third bullish session.

DiaSorin, on the other hand, advances 1.9% to EUR101.40 per share, after two sessions closed with a bearish candle. Of note, Millennium International Management on Friday cut its short position on the stock to 1.17 percent from 1.28 percent previously.

Saipem -- in the green by 1.3 percent -- announced that it has reached agreement on the main terms of a possible merger by incorporation of Subsea7 into the company through the signing of a Memorandum of Understanding. The company explained in a note that the merger could create a global leader in energy services.

In detail, the company resulting from the merger between Saipem and Subsea7 will be renamed Saipem7 and will have an aggregate order book of EUR43 billion, revenues of about EUR20 billion and Ebitda of more than EUR2 billion.

Poste Italiane, on the other hand, advances 0.9 percent. Of note, both Beremberg and Barclays have raised their taregt prices on the stock. On Friday it reported that it closed 2024 with a net profit of EUR2.01 billion from EUR1.93 billion as of December 31, 2023.

Tenaris--in the red by 1.1 percent--reported that it purchased 2.4 million of its own ordinary shares between February 17 and 21. The shares were taken over at an average unit price of EUR18.6786, for a total value of EUR44.9 million.

On the Mid-Cap, Tinexta is marking a plus 2.9 percent at EUR8.05, on the heels of Friday's asset close of plus 3.0 percent per share.

GVS, on the other hand, is advancing 1.8 percent, after 0.4 percent assets in the previous session.

MARR -- in the green by 1.0 percent -- reported Friday that its preliminary fiscal year 2024 revenues are EUR2.10 billion, up from EUR2.09 billion in 2023, thanks to a fourth quarter that saw growth in sales across all segments. The consolidated financial statements will be submitted to the board of directors for approval on March 14.

Technogym fluctuates bearish by 0.1 percent to EUR11.48 per share. Of note, Citigroup has resumed coverage on the stock with a target price at EUR12.00.

On the Small-Cap, Zest is up 7.7% to EUR0.16, rebounding after two bearish sessions in which it gave up an aggregate of more than 9%.

Alkemy, on the other hand, is advancing 6.3 percent to EUR11.90 per share, as it awaits its earnings forecast for Wednesday. It should be noted that Retex, a subsidiary of FSI SGR, has made it known that some minority shareholders of Alkemy holding a total of 1.4 million shares representing approximately 25.26% of the currently issued share capital and Retex have signed a number of sale and purchase agreements under which the latter has undertaken to purchase from the aforementioned minority shareholders all the Alkemy shares held by them.

Caleffi -- in the red by 1.0 percent -- announced on Monday that it will begin a share buyback program starting Feb. 24, in execution of the resolution passed at the May 15, 2024, ordinary shareholders' meeting. The program provides for the purchase of a maximum of 125,000 ordinary shares, for a total value of up to EUR100,000, and will remain in effect until the approval of the 2024 annual financial report or until the established quantitative limits are reached.

Fidia - in the red by 3.4 percent - announced that it has signed an investment agreement with Global Growth Holding Limited to issue a convertible bond cum warrant with a total value of EUR4.0 million. The loan, divided into eight tranches of EUR500,000 each, will be issued within 24 months and reserved for GGHL. The 400 bonds, with a par value of EUR10,000 each, will not accrue interest and will be automatically converted into Fidia shares if not redeemed within 12 months.

Mondo TV--down more than 18 percent--reported that it closed fiscal year 2024 with a net loss of EUR18.5 million, a worsening from the EUR2.7 million loss reported in the previous year.

On the Italy Growth segment, Edil Sanfelice is up 5.9 percent to EUR5.36 per share. The stock during trading updated its 52-week high to EUR5.76 per share.

SolidWorld Group - in the green by 3.0 percent - announced on Monday that it had placed the solar division's first order in North America through its subsidiary SolidFactory Srl. The delivery concerns a complete production line for large-scale production of high-efficiency photovoltaic panels for a major international player. The value of the order is EUR1.4 million and is part of a contract signed in 2024.

ICOP - up 4.5 percent - announced Monday the acquisition of 100 percent of Atlantic GeoConstruction Holdings, a U.S. company specializing in geotechnical engineering. The deal includes a price based on an Enterprise Valure of USD126 million. Closing is expected in April, subject to customary closing conditions.

In New York on Friday evening, the Dow closed 1.7 percent in the red at 43,428.02, the Nasdaq finished down 2.2 percent at 19,524.01, and the S&P 500 fell 1.7 percent to 6,013.13.

In Asia, the Shanghai Composite finished 0.2% 3,373.03 in the red while the Hang Seng fell 0.6% to 23,341.61.

The Tokyo Stock Exchange remained closed for the Emperor's birthday.

Among currencies, the euro changed hands at USD1.0469 against USD1.0453 at Friday's European stock close. In contrast, the pound is worth USD1.2634 from USD1.2639 on Friday evening.

Among commodities, Brent crude is worth USD74.56 per barrel from USD75.10 per barrel at Friday's European stock close. Gold trades at USD2,939.00 an ounce from USD2,952.35 an ounce Friday night.

By Maurizio Carta, Alliance News reporter

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