Borsa Italiana, the commentary of today’s session (September 2, 2020)



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Tiscali registered a jump of 69.2%, reinforcing the rally registered by the share in the four previous sessions. Double digit rise also for Atlantia

positive-market_2The main indices of the Italian Stock Exchange and the main European financial markets progressed in the order of 1-2%.

the FTSEMib registered an increase of 1.34% to 19,858 points, after having fluctuated between a minimum of 19,672 points and a maximum of 20,036 points. the FTSE Italia All Share won 1.3%. Plus sign for him FTSE Italia Mid Cap (+ 0.75%) and for Star of FTSE Italia (+ 1.71%). In the session of September 2, 2020, the turnover amounted to 1,870 million euros, compared to 1,720 million on Tuesday; 1,193,026,710 shares changed hands (2,539,892,889 in Tuesday’s session). Of 415 shares traded, 219 registered a positive performance, while the falls were 172; the remaining 24 shares unchanged.

L ‘euro fell below $ 1,185, while the bitcoin It stood at $ 11,500 (about 9,500 euros).

The spread Btp package it fluctuated around 150 points.

Tiscali registered a jump of 69.2% to 0.0499 euros, reinforcing the rally registered by the share in the last four sessions. The shares of the telephone company have practically quintupled their value, compared to 0.011 euros at the end of August 26.

The Tiscali rally gave wings to Go to internet. The company, listed on AIM Italia and active in the telecommunications sector, registered a jump of 24.7% to 1.21 euros, after being suspended due to an excess of the rise for most of the session.

Sitting bubbly for Atlantia (+ 16.2% to 15.65 euros). According to what was written in La Repubblica, which collected indications reported by the Bloomberg agency, the infrastructure holding company would be close to an agreement with Cassa Depositi e Prestiti on the investment maintained in Autostrade per l’Italia. Specifically, Atlantia could spin off 70% of the highway concessionaire, a stake that would lead to a new company. The latter would be listed and would be subject to a capital increase reserved for CDP and other investors.

Few ideas among banking sector values.

In red Intesa Sanpaolo (-0.46% to 1.7936 euros). Borsa Italiana announced that as part of the obligation to buy back shares of UBI Banking (-0.11%) by the institute directed by Carlo Messina, at the moment applications have been submitted for 3,744,254 shares, equivalent to 3.333% of the securities subject to the sale requests.

At gained 1.92% to € 7.648. The electricity giant has announced that it has issued a non-euro convertible subordinated hybrid perpetual bond aimed at institutional investors for a value of 600 million euros. The demand was equivalent to six times the offer, for an amount of 3.7 billion euros. The value of the issue was determined at 99,262 and the initial effective yield will be 2,375%.

Fiat Chrysler cars increased by 0.57%. The Ministry of Transport announced that just under 89 thousand cars were registered in Italy in August 2020, 0.4% less than in the same period last year. Fiat Chrysler Automobiles performed slightly worse than the market. According to the Reuters agency, in August the group’s registrations amounted to just over 20,000 units, 2.7% less than in the same month of 2019. Consequently, the market share of Fiat Chrysler Automobiles in Italy stood at in 22.8%.

In the FTSEMib the jump of Interpump (+ 7.67% to 31.72 euros). Following the publication of the results for the first half of 2020, Kepler Cheuvreux analysts have raised the company’s target price, taking it from 33.5 euros; The experts reiterated the indication to buy the shares, since the new target price implies an advance of more than 10% compared to the end of September 1 (29.46 euros).


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