(Alliance News) - Milan, contrary to what was seen in pre-market trading, moved higher at the open, pushing the index just below the 45,600 mark.
On the macroeconomic front, annual inflation in Germany accelerated to 2.1% in January, up from 1.8% in December, confirming preliminary estimates. The figure slightly exceeds the European Central Bank's 2% central target, mainly driven by rising consumer goods costs. The data was released Tuesday by Destatis.
Thus, the Mib is marking a 0.4% gain at 45,596.52 points.
Among the smaller indices, the Mid-Cap is down 0.5% at 58,957.64, the Small-Cap is down 0.3% at 35,570.41, and the Italy Growth index is off 0.1% at 8,723.54 points.
Across other European stock exchanges, the CAC 40 is up 0.1%, the FTSE 100 rises 0.4%, while the DAX slips 0.1%.
On the Mib in Piazza Affari, Inwit climbs 1.7% to EUR8.89 per share after a 1.4% decline the previous day and with a five-day gain of 8.1%.
Italgas, meanwhile, rises 1.4% after a 0.2% loss the previous day, with its price hovering around EUR10.95.
Stellantis — up 0.2% — faces the risk of a new class action lawsuit in the US after its stock plunged following a EUR22 billion write-down related to electric vehicles. As Milano Finanza reported Tuesday, the law firm Levi & Korsinsky has launched an investigation to check for possible violations of federal securities laws, paving the way for collective action.
Prysmian, on the other hand, drops 2.1% to EUR97.12. Berenberg has raised its target price on the stock to EUR92.00 from EUR75.00.
STMicroelectronics retreats 1.5% to EUR27.44. Kepler Cheuvreux has raised its target price on the stock to EUR34.00 from EUR32.00.
On the secondary segment, ERG performs well, up 3.1%. The company is exploring industrial alliances in renewables. According to rumors reported by Corriere della Sera on Tuesday, the group controlled by the Garrone family is considering extraordinary transactions that could lead to a shareholding restructuring. Potential interested parties include A2A, Swiss company Axpo, and several funds, though market consensus still favors a merger with an industrial partner.
GVS advances 2.3% to EUR4.24 per share after a 1.0% decline in the previous session.
BFF Bank drops over 10% to EUR3.49 per share. After Bankitalia, the Milan Prosecutor's Office is also investigating the company on suspicion of false accounting. As Milano Finanza reported Tuesday, the case was reportedly opened in the second half of 2024, following an inspection in which Bankitalia challenged the bank's accounting policies, particularly regarding the classification of receivables from the public administration. BFF had so far benefited from the state's solvency by adopting lighter provisions and distributing high dividends. However, Bankitalia, also in light of new European default rules, has imposed higher provisions and a halt to dividends until accounting normalizes.
CIR — down 0.1% — announced it purchased 360,112 of its own shares between February 9 and 13, for a total value of about EUR253,000.
OVS — just above parity — announced Monday it acquired 65,942 of its own ordinary shares, for a total value of about EUR322,000.
On the Small-Cap, Borgosesia soars, pushing its price up 18% with around 220,000 shares traded.
CY4 Gate rises 4.6%, bouncing back after four losing sessions.
Class Editori, meanwhile, drops 3.6% to EUR0.13 per share. The stock — which has not paid a dividend since 2010 — reverses course after two positive sessions.
Eurotech falls 3.0%, echoing the previous day's decline, albeit a more modest 0.3%.
Among SMEs, Ena Italia gains 6.8% after a 6.4% loss the previous day. The stock — which has a market cap of about EUR6.8 million and a free float of about 10% — has lost about 22% since the start of the year.
Mare Group — up 0.5% — announced it has booked EUR7 million in orders since the start of the year, a significant increase compared to the same period last year. The growth is mainly linked to the Industry & Transportation and Aerospace & Defense sectors.
The board of Kaleon — still flat with a last price at EUR4.20 — approved on Monday the financial statements as of December 31, 2025, which show consolidated revenues of EUR23.2 million, up 7% from EUR21.7 million as of December 31, 2024, for an increase of about EUR1.5 million mainly driven by the Ticketing and F&B lines. Revenue growth on a current perimeter basis — net of revenues from administrative management services spun off in February 2025 — stands at 9.2%.
Leone Film Group — up 0.8% — announced Monday that 2025 closed with revenues of EUR45.1 million, up 5.0% from EUR43.1 million in 2024. EBITDA stands at EUR31.1 million, essentially stable compared to EUR31.0 million the previous year.
In the US, markets were closed for Presidents Day.
In Asia, the Nikkei slipped 0.4%, while the Shanghai Composite and Hang Seng were closed for Chinese New Year.
On the currency front, the euro is trading at USD1.1837 from USD1.1854 at Monday's European stock close, while the pound is changing hands at USD1.3580 from USD1.3628 Monday evening.
Among commodities, Brent is trading at USD67.86 a barrel from USD68.50 a barrel Monday evening, while gold is valued at USD4,919.48 an ounce from USD4,985.15 an ounce yesterday evening.
On Tuesday's economic calendar, Germany's ZEW economic sentiment index will be released at 1100 CET.
US employment data will be released at 1415 CET.
Among companies on Piazza Affari, results are expected from Edison and Recordati.
By Maurizio Carta, Alliance News Reporter
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