Mib maintains gains; Prysmian and Unipol at the top

(Alliance News) - European stock markets are showing a bearish trend in Wednesday's trading session, with the sole exception of Italy.

The recent period of appreciation, fueled by the partial easing of global trade tensions, is showing signs of running out of steam, with pressure on the indices likely to ease.

Trading rooms are focusing on the numerous quarterly reports due to be released. In Milan, 12% of stocks are up, 17% are down, 3% are unchanged, while 68% are not yet trading, with trading volume exceeding EUR 1.0 billion.

As a result, the FTSE Mib is up 0.1% at 40,100.50 points, with blue chip volumes expressing a put/call ratio of 0.92.

Among the smaller indices, the Mid-Cap is down 0.1% at 53,573.43, the Small-Cap is down 0.5% at 30,600.82, and the Italy Growth is up 0.1% at 7,839.00.

In Europe, the FTSE 100 in London is down 0.2%, the CAC 40 in Paris is losing 0.7%, and the DAX 40 in Frankfurt is down 0.6%.

On the Mib, Prysmian - up 1.3% and leading the segment - announced on Wednesday that its board of directors had authorized the issuance of a perpetual subordinated bond loan of up to EUR1.00 billion. The issue will be aimed at institutional investors and the bond will be listed on the Luxembourg Stock Exchange.

Telecom Italia rose 0.7% to EUR0.3664 after gaining 0.6% in the previous session.

Unipol rose 1.1%, rebounding after two sessions of declines.

A2A - up 0.2% - announced on Tuesday that it had reported a net profit of EUR 257 million in the first quarter, down 13% from EUR 294 million in the same period in 2024.

UniCredit advanced 0.9% to EUR55.68 per share. It should be noted that JP Morgan cut its target price for the stock to EUR68.00 from EUR70.00.

Leonardo, on the other hand, rose 0.6% to EUR45.71 per share, after gaining 0.2% in the previous session.

Inwit - down 1.8% - announced on Tuesday that it closed the first quarter with a net profit of EUR 91.2 million, up from EUR 89.7 million in the same period last year. Revenues rose to EUR 266.2 million from EUR 254.6 million, with 150 new sites and 450 real estate transactions in the quarter. The tenancy ratio at the end of the period was 2.35 times, up from 2.26 times at the end of March 2024.

In the secondary segment, Newlat Food advanced 3.4% to EUR17.78 per share, after gaining 0.1% in the previous session.

Juventus FC - up 3.9% - announced that it has signed two front jersey sponsorship agreements until June 30, 2028, with Stellantis Europe and Visit Detroit. Under the agreement with Stellantis Europe, the Jeep brand will be the main sponsor of the First Team, JWomen, and NextGen in all national, UEFA, and FIFA competitions, including the FIFA Club World Cup.

Philogen rose 1.8% to EUR22.90, a new 52-week high.

RCS MediaGroup - up 1.4% - announced on Tuesday that it had closed the first quarter with a reduced net loss on an annual basis, at EUR600,000 from a loss of EUR1.6 million a year earlier.

The board of Industrie De Nora - down 0.7% - approved the consolidated results as of March 31, closing with an adjusted net profit of EUR 18.9 million, compared to EUR 18.6 million in the first quarter of 2024. Consolidated net profit amounted to EUR 16.0 million compared to EUR 18.0 million as of March 31, 2024.

De'Longhi, on the other hand, is down 2.5% to EUR30.10, subject to profit taking after four bullish sessions.

On the Small-Cap market, Italian Exhibition Group continues its upward trend at EUR8.16, up 4.4%, its second rise after the 2.9% gain the previous day.

Fiera Milano is up 3.8%, after losing 0.5% in the previous session, with a price of around 5.69 per share.

FILA - down 6.3% - reported that in the first quarter, revenues increased to EUR 138.7 million from EUR 133.8 million in the same period last year. The net result was negative at EUR 500,000, compared with a profit of EUR 6.2 million a year earlier.

Geox - down 3.0% - announced on Tuesday that it closed the first quarter with revenues of EUR 189.0 million compared to EUR 193.6 million in the same period last year.

Esprinet was at the bottom of the list, falling more than 11% to around EUR 4.74. The company announced on Tuesday that it had closed the first quarter with revenues of EUR 962.4 million, up 4% compared to EUR 926.2 million in the same period last year.

Among SMEs, Destination Italia rose 9.2% to EUR0.5950, currently the best performer among SMEs.

Bellini Nautica rose 1.3%, after falling 1.0% the previous day.

Poligrafici Printing - up 3.5% - announced on Tuesday that it had closed the first quarter with a net profit up from the same period in 2024, at EUR374,000 from EUR345,000.

Portobello, on the other hand, fell by more than 12% after six sessions of strong gains, marking an increase of more than 82% over the last five days.

In New York, overnight, the Dow fell 0.6%, the Nasdaq rose 1.6%, while the S&P 500 closed up 0.7%.

In Asia, the Nikkei closed down 0.1%, the Shanghai Composite rose 0.9%, while the Hang Seng rose 1.9%.

Among currencies, the euro traded at USD 1.1261 from USD 1.1166 on Tuesday evening, while the pound traded at USD 1.3351 from USD 1.3269 on Tuesday evening.

Among commodities, Brent crude traded at USD 65.82 per barrel from USD 65.86 per barrel on Tuesday evening, while gold traded at USD 3,234.27 from USD 3,244.67 per ounce yesterday evening.

Wednesday's economic calendar includes the release of the mortgage market report from the US at 1300 CEST. At the same time, the OPEC report will also be released.

At 4:30 p.m. CEST, focus will be on US crude oil inventory data, while in the evening, at 11:40 p.m. CEST, Daly of the FOMC will give a speech.

By Maurizio Carta, Alliance News reporter

Comments and questions to [e-mail]

Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.