Stock Exchange: in Piazza Affari Ftse Mib closed under 26 thousand points

A day full of volatility for the Milan Stock Exchange. After a positive start, Piazza Affari finished in red pending news from Ukraine after the sanctions announced by the United States, Europe and Japan.



On the Ftse Mib, which closed at 25,955.08 points (-0.34%), a two-speed day for Stellantis (+ 4.4%) and Cnh Industrial (-6.14%).

The first ended the year 2021 with net revenues up 14% to 152 billion euros and a margin on operating profit which, in the “adjusted” version, rose to 11.8% (target at 10%) while the second, which presented the new strategic plan, said it expects revenue growth in the range of 20-22 billion dollars by 2024 and an adjusted EBIT margin improving to 12-13%.

A day to forget for Campari (-9.77%) which, in the year 2021, recorded net sales of 2.17 billion (+ 22.6%) and lower than estimated profits of 284.8 million (+51.6 %).

As for the next few months, CEO Bob Kunze-Concewitz said that “the momentary pressure on material costs will intensify in the current year, postponing the improvement in gross margins”. Accounts and guidance instead allowed Alerion to score + 4.62%.

Less than 3.3% for Telecom Italia after rumors about the alleged desire to sell the stake in Inwit (+ 1.76%).

The BTP-Bund spread did not register significant changes at 168 basis points on the day of the short BTP auction for 3 billion. This morning the Treasury placed bonds to 2023, registering requests for 4.75 billion (ratio between demand and supply at 1.58) and a yield increasing by 27 cents to 0.14%. (in collaboration with money.it).



Source-www.adnkronos.com