MIB Rallies Again, Driven by MPS and Mediobanca

(Alliance News) - The MIB is posting gains in the third session of the week, surpassing the 46,300-point mark and consolidating its second consecutive day of gains, with banking sector stocks—especially among blue chips—leading the upward movement.

On the monetary front, trading desks are awaiting the release of the minutes from the latest Federal Reserve meeting, scheduled for this evening, to gain clearer guidance on the future direction of interest rates.

Meanwhile, the European Central Bank's tightening continues as planned. The Eurotower's total assets now stand at EUR6.242 trillion, down EUR13.0 billion from the previous week.

The MIB is thus up 1.3% at 46,343.05 points.

Among the smaller indices, the Mid-Cap is up 0.6% at 59,514.82, the Small-Cap rises 0.5% to 35,886.87, and Italy Growth climbs 0.2% to 8,707.68 points.

Other European markets are also positive, with the CAC 40 up 0.6%, the DAX 40 advancing 0.9%, while the FTSE 100 is up 1.0%. The Euro Stoxx 50 is also up 0.9%.

On the MIB, among the minority of decliners is Ferrari, which drops 2.1% after gaining 0.7% in the previous session.

Leonardo pushes higher by 3.9%, recovering from a 1.0% loss in the prior session.

Amplifon also loses ground, slipping 1.4% to EUR13.35 after a lukewarm gain the day before.

The board of directors of Monte dei Paschi unanimously approved, following a lengthy meeting, the process that will lead to integration with Mediobanca, in line with what was outlined a year ago in the offer document and already reviewed by the ECB.

The board announced that it will proceed with the "full integration" of Mediobanca, of which Siena holds 86.3%, through a merger by incorporation and the consequent delisting of the Milan-based institution.

Banca Monte dei Paschi thus rises 2.0%, while Mediobanca gains 6.7%, taking the lead in the segment.

Recordati—up 1.7%—announced on Tuesday that it closed fiscal year 2025 with net profit of EUR443.6 million, up 6.5% compared to 2024. Adjusted net profit rose to EUR651.1 million, a 15% increase over the previous year. Consolidated net revenues stood at EUR2.62 billion, up 12% from 2024, or 8.3% on a like-for-like basis and at constant exchange rates.

Iveco Group—up 0.2%—reported on Tuesday that Empresa Casal has expanded its fleet for the Seville metropolitan area with 17 new Iveco Bus vehicles, thus strengthening local public transport services. The supply is part of the Spanish operator's renewal plan and will see the new buses deployed on urban and metropolitan lines in the region.

On the Mid-Cap segment, ERG advances 7.1% after a 4.9% gain in the previous session, with the price hovering around EUR24.38 per share. During trading, the stock reached a new 52-week high at EUR24.80 per share.

Enav climbs 3.8% to EUR5.42 per share, poised for its fourth consecutive bullish session.

CIR is also strong, up 1.7% at EUR0.7380, heading towards its fourth straight bullish close if confirmed at the session's end.

Juventus FC also comes under selling pressure, down 2.0% after a crushing defeat in Istanbul that could jeopardize its Champions League run and related revenues.

On the Small-Cap, Mondo TV—down 6.7%—announced on Tuesday the signing of two new distribution agreements for the preschool series "Lola on Board" with RSI, the Italian-language Swiss public broadcaster, and with De Agostini Editore, an Italian media and publishing company. The agreements cover audiovisual exploitation rights for the series, co-produced by Mondo TV with Digitalcomedia and Tile, and provide for a guaranteed minimum payment to the company, in addition to standard market economic terms.

Bastogi advances 4.0% to EUR1.17, rebounding from a 2.2% loss the previous day.

IGD is also up 5.3%, following a 2.4% gain the day before. The stock—which has a market cap of around EUR418 million—is listed on the MarketScreener platform with an average target price of EUR3.93 based on three analysts, roughly in line with its market price.

Somec—up 2.5%—announced Wednesday that it has secured a new order worth over EUR41 million for its Mestieri division, specializing in the design and creation of customized interiors through its subsidiary TSI - Total Solution Interiors. The order covers three cruise ships belonging to a new design class, under construction at a major Italian shipbuilding group for a leading North American operator in the sector.

Among SMEs, Distribuzione Elettrica Adriatica is strong, up 5.1% after a 1.7% loss on Tuesday. Since the start of the year, the stock has seen its market cap rise by nearly 15% to over EUR70 million.

The board of directors of Casta Diva Group—up 1.9%—announced Wednesday that it has reviewed preliminary consolidated revenue figures for 2025, with revenues reaching EUR134.9 million, up 11% from EUR121.9 million the previous year.

Xenia Hotellerie is sold off, down 5.8% to EUR3.24 per share after two consecutive positive sessions.

Bellini Nautica also retreats 5.8% to EUR2.74 per share, after a flat session the day before and with the price hovering around EUR2.74 per share.

On the currency front, the euro changes hands at USD1.1832 from USD1.1828 at Tuesday's European equity close, while the pound trades at USD1.3570 from USD1.3528 on Tuesday evening.

Among commodities, Brent trades at USD67.77 per barrel from USD67.11 per barrel last night, while gold is valued at USD4,917.00 an ounce from USD4,877.13 an ounce on Tuesday evening.

On Wednesday's economic calendar, at 1300 CET in the US, attention turns to mortgage data, while the industrial production report is scheduled for 1515 CET. At 2230 CET, the estimate for weekly oil inventories is due.

By Maurizio Carta, Alliance News Reporter

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