(Alliance News) - On Friday, the Mib lost ground at the close, dipping just below the 44,000-point threshold, retracing from multi-decade highs and mirroring the weakness seen across other major European indices.
Market sentiment deteriorated amid concerns that the AI sector may be entering an overheating phase, while optimism over a resolution to the U.S. government shutdown faded, as did expectations--now hovering around a 50% probability in the markets--of further rate cuts by the Federal Reserve.
In this context, the Mib fell 1.7% to 43,994.69 points, the Mid-Cap shed 1.2% to 57,554.26, the Small-Cap retreated 0.8% to 35,206.27, and the Italy Growth index lost 0.8% to 8,426.82 points.
Other European markets also closed in the red, as previously mentioned, with Paris's CAC 40 down 0.8%, Frankfurt's DAX 40 slipping 0.6%, and London's FTSE 100 closing 1.1% lower.
On Piazza Affari, among the few gainers was Azimut Holding, which rose 3.5% after a 10% loss the previous session. On Friday, the company released a statement in which CEO Giorgio Medda noted that the ordinary inspection recently completed by the Bank of Italy on Azimut Capital Management is part of the regular supervisory process to which all major asset managers are routinely subjected, and "we welcome it in a spirit of full transparency and constructive collaboration."
Recordati gained 1.3%, recovering from a 2.5% loss in the previous session and closing at EUR52.80.
The board of Interpump Group--down 1.2%--on Friday approved its nine-month results, closing the period with a consolidated net profit of EUR172.3 million, down 4.5% from EUR180.4 million in the first nine months of 2024.
Banca Monte dei Paschi di Siena also declined 1.2%. The company announced Thursday it had successfully completed the placement of its first green senior preferred unsecured bond, totaling EUR500 million. The bond, with a fixed annual rate of 3.25%, has a term of six years and three months, maturing in February 2032, and includes an early redemption option after five years.
In the mid-cap segment, GVS gained 2.6%, rebounding from a 1.6% loss Thursday evening and closing near EUR4.33.
Cembre rose 2.9%, after a 0.8% loss Thursday evening. The company closed the nine months with a consolidated net profit of EUR32.15 million, up about 10% from EUR29.13 million in the same period of 2024.
MARR--down 1.0%--reported Friday it closed the first nine months of 2025 with a consolidated net profit of EUR30.0 million, down from EUR36.0 million in the same period of 2024. Total consolidated revenues for the first nine months stood at EUR1.64 billion, up from EUR1.61 billion in the same period of 2024.
Nine-month results are also expected from ERG, which ended the session down 3.5%. The company posted an adjusted group net profit of EUR110 million, down from EUR130 million in the same period of 2024, due to higher financial charges and the impact of Tax Equity Partnerships in the U.S., partially offset by lower taxes.
On the Small-Cap, Banca Sistema gained 5.9%. The company announced Friday it had reached an agreement with a municipality--final recipient of a ruling by the European Court of Human Rights and now out of financial distress--aimed at judicial collection, within the current month, of a total amount of EUR103 million.
Eurotech--up 0.9%--released its nine-month consolidated results Friday, reporting a loss of EUR8.9 million, up 13% from the EUR7.9 million loss recorded as of September 30, 2024. Revenues amounted to EUR35.2 million, compared to EUR43.0 million in the first nine months of the previous year, marking an 18% decline.
Centrale del Latte d'Italia ended down 0.5%, marking its third consecutive session with a bearish candle.
The board of FNM--down 1.1%--on Thursday approved consolidated results as of September 30, closing with a net profit of EUR61.5 million, up 15% from the same period in 2024.
Among SMEs, Execus gained 9.0%, following a 9.9% rise the previous day, bringing the share price to EUR1.49.
Green Oleo--down 1.4%--reported Friday that production value in the first nine months reached EUR55.2 million, up 3.4% from EUR53.4 million as of September 30, 2024.
Lindbergh--down 3.3%--announced Thursday the acquisition of a business unit from SDS Service Srl, a Lombardy-based company operating in the collection, transport, and recovery of special waste in the province of Milan. The total consideration for the transaction is EUR1.2 million, of which EUR450,000 was paid immediately and EUR700,000 in six quarterly installments through June 2027. Lindbergh will also assume severance liabilities of approximately EUR50,000.
Alfonsino--down 0.9%--announced Friday the launch of its delivery service in the city of Reggio Calabria, continuing its expansion in southern Italy. The decision follows its recent entry into Messina after the acquisition of a business unit from MyLillo.
In New York, the Dow is down 0.3%, the Nasdaq is up 0.8%, and the S&P 500 is advancing by 0.4%.
In currency markets, the euro is trading at USD1.1615 from USD1.1641 at Thursday's equity close, while the pound is at USD1.3154 from USD1.3194 Thursday evening.
Among commodities, Brent is trading at USD64.47 per barrel, up from USD63.10 per barrel at Thursday's close, while gold is valued at USD4,108.76 an ounce, down from USD4,206.35 an ounce yesterday evening.
Looking ahead to Monday's economic calendar, at 0050 CET Japan's GDP data is due, while at 1000 CET, Italy's inflation data will be released.
In the afternoon, at 1500 CET, FOMC's Williams is scheduled to speak, followed by Kashkari at 1900 CET.
Among companies on Piazza Affari, results are expected from Circle, Ecosuntek, EuroGroup Laminations, Omer, and Somec.
By Maurizio Carta, Alliance News Reporter
Comments and questions to redazione@alliancenews.com
Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.
