Milan Stock Exchange today, electricity price drops: Piazza Affari down

In Milan, the Ftse Mib drops by 0.36% and closes at 23,770.44

Slightly negative day for Piazza Affari, while the other European Stock Exchanges closed in chiaroscuro. The average purchase price of electricity on the Stock Exchange, recorded by Gme, drops by 40%. The Italian Parliament is about to definitively approve the 2023 Budget law in the Senate. At an international level, however, the price of gas on the TTF in Amsterdam continues to be low, at around 80 euros per megawatt hour. On the other hand, the value of crude oil returns to decline, with Brent and Wti losing more than 2%.

In Milan, the Ftse Mib drops by 0.36% and closes at 23,770.44. The spread between BTPs and German Bunds is growing, around 215 basis points. The ten-year bond yield is still on the rise, at around 4.65%.

Amplifon (+1.31%), Campari (+0.38%), Erg (+0.21%), Interpump (+0.56%), Inwit (+0.84%) is positive on the main price list of Piazza Affari %), Recordati (+1.09%) and Unicredit (+0.47%).

In the queue, however, Saipem (-3.34%), frozen on the downside after the race on the eve. There are no indications from analysts and also for this reason profit-taking on the stock prevails, which has lost more than 76% of its value since the beginning of the year, after the alarm on corporate accounts at the end of 2021 and despite the capital increase made in July. Utilities are also down, starting with Hera (-2.31%). The other oil companies are also losing ground, with Eni falling by 0.28% after the periodic communications released by Consob, according to which Goldman Sachs has reduced its stake in the institute. The same happened for Intesa Sanpaolo (-0.07%). (in collaboration with