(Alliance News) – The Mib continued to trend lower on Thursday, following two consecutive sessions of correction, although the market did attempt a technical rebound.
Investor sentiment, however, remains heavily influenced by escalating geopolitical tensions, reignited after the removal of Venezuelan President Nicolás Maduro by the USA over the weekend and subsequent statements from Washington regarding a possible forced acquisition of Greenland via military options.
In this risk-off environment, defensive stocks outperformed, with Leonardo among the standout best performers on a European scale.
Thus, the FTSE Mib is down 0.2% at 45,474.59, heading for its third consecutive bearish session if confirmed at the close.
Among the secondary indices, the Mid-Cap is down 0.3% at 60,338.41, the Small-Cap is down 0.2% at 37,531.70, while the Italy Growth index retreats 0.3% to 8,815.33.
London's FTSE 100 is down 0.3%, Paris' CAC 40 is down 0.1%, while Frankfurt's DAX 40 is also down 0.1%.
Back in Milan, Italgas is showing strength, rising 2.4% to EUR10.62 per share. According to MarketScreener, the stock has an average target price of EUR9.60 based on a consensus of 13 analysts.
Leonardo is also strong, up 2.5% at EUR10.63 per share. Over the past five sessions, the stock has gained more than 14%, while year-to-date it is up 19%.
Campari is up 1.5%, remaining near the top of the index after a 2.0% drop in the previous session. The company – with a free float just above 30% – has an average target price, based on 20 analysts, of EUR6.87, indicating it is still undervalued.
Amplifon, on the other hand, is down 3.0% at EUR13.59 per share, following a 1.6% gain in the previous session.
On the Mid-Cap segment, d'Amico leads the index, advancing 4.1% to EUR5.39 per share. The company, with a market cap of about EUR720 million, has posted a gain of over 10% in the last five sessions.
Danieli & C posts a bullish candle, up 4.0%, marking its fourth consecutive positive session.
Salvatore Ferragamo is under selling pressure, down 7.3% at EUR7.81, following a 2.7% loss last night.
On the Small-Cap index, Italian Sea Group leads the gainers, up 7.7% at EUR4.42 per share, marking its third consecutive positive session.
Altea Green Power is up 3.6% at EUR7.30 per share. Alantra has reiterated its 'buy' recommendation on Altea Green Power with a target price of EUR10.60, following an operational update deemed clearly positive by the broker.
Analysts also highlight that, at current levels, the stock is trading at about 3.1 times estimated 2026 EV/Ebitda, a valuation considered extremely compressed and not reflective of the value of the nearly 2 GW BESS pipeline in advanced development. In light of these factors, the 'buy' recommendation is reiterated.
Softlab is up 2.9%, rebounding after two consecutive negative sessions.
Aeffe, lagging behind, is down 5.2% at around EUR0.33, marking its third consecutive bearish session.
Among SMEs, Alfonsino is up 4.0% after two flat sessions. Notably, the company projects a 2026 EV/Sales ratio of 0.47x.
Dedem is up 3.7% at EUR4.50 per share, though the last five sessions show a loss of about 5%.
Cyberoo is up 3.4% at EUR1.53 per share, after a 2.3% loss on Wednesday evening. The company – with a free float of 37% and a market cap just under EUR61 million – is rated by two analysts with an average target price of EUR2.95, nearly double the current market price.
At the bottom, Farmacosmo is down 5.3% at EUR0.65 per share, subject to profit taking after a bullish streak.
In New York last night, the Dow Jones lost 0.9%, the Nasdaq rose 0.2%, while the S&P 500 fell 0.3%.
On the currency front, the euro is trading at USD1.1678 from USD1.1689 at Wednesday's close in Europe, while the pound is at USD1.3443 from USD1.3502 last night.
Among commodities, Brent is trading at USD60.61 a barrel from USD60.05 a barrel at Wednesday's European close, while gold is at USD4,432.25 an ounce from USD4,455.63 an ounce last night.
On Thursday's economic calendar, from the USA at 1430 CET, jobless claims and the trade balance data are due.
At 2230 CET, the weekly Federal Reserve balance sheet will be published.
By Maurizio Carta, Alliance News reporter
Comments and questions to redazione@alliancenews.com
Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.
