(Alliance News) - The Mib closed Friday's session down, with the index at 43,500 points, turning downward in the afternoon in the wake of Wall Street's losses in the last session of the week.
The pullback in the US tech sector reflects concerns about margins and increased caution towards AI-related stocks, despite recent rate cuts by the Fed continuing to support overall market sentiment.
Cleveland Fed Governor Beth M. Hammack also indicated a preference for slightly more restrictive rates in order to contain inflation, further steering trading rooms towards a more cautious approach.
The Mib thus closed down 0.4% at 43,513.95 points, the Mid-Cap lost 0.1% to 58,350.65, the Small-Cap closed just above par at 36,216.36, and the Italia Growth closed up 0.4% at 8,460.18 points.
Other markets were also down, with the CAC in Paris falling 0.2%, the DAX in Frankfurt closing down 0.4%, and the FTSE 100 in London closing down 0.6%.
On the Milan Stock Exchange, the MIB was boosted by Amplifon, which closed up 2.0%, its third consecutive bullish candle.
Interpump, on the other hand, gained 1.2% to EUR46.04 per share, closing higher for the second session in a row.
Generali, down 1.5%, announced that AM Best had confirmed Generali's Financial Strength Rating at 'A+' and its Long-Term ICR at 'aa-', maintaining a 'stable' outlook. According to the agency, the decision reflects the group's excellent capital strength, strong operating performance, very favorable business profile, and adequate approach to risk management.
Banco BPM, on the other hand, fell 1.7%. The conclusion of the ECB's investigation, conducted together with Bankitalia and other national central banks, into Credit Agricole's request to exceed 20% in Banco BPM has been postponed until mid-January, with a possible green light up to 29.9% that would open up new scenarios in Italian banking consolidation.
Poste Italiane announced on Thursday that it had completed the acquisition of the remaining stake held by Vivendi SE in Telecom Italia, further strengthening its role as a long-term industrial shareholder in the telecommunications group.
The transaction involves 384.1 million ordinary shares, representing 2.5% of the ordinary share capital and 1.8% of TIM's total share capital. The consideration, equal to the closing price on December 10, amounts to a total of EUR187 million and will be financed through the company's cash reserves.
Poste Italiane closed the session down 0.8%, while Telecom Italia gained 0.4%.
On the secondary market, Ferretti gained 2.6% to EUR2.96 per share, its third bullish session.
There were also purchases on Danieli&C, which gained 2.6%, its third session with an upward trend.
De'Longhi, on the other hand, lost 1.9%, after gaining 1.3% the previous day, with a price of EUR 37.06.
In the small-cap sector, Eurotech closed up 5.8% at EUR0.97 per share, after Thursday evening's 0.3% decline.
Trevi Finanziaria gained 5.6%, its third session of gains.
Aeffe, down 0.4%, announced on Thursday that it would not be able to provide any further data as of September 30 beyond that released on November 11. The company and its subsidiary Pollini Spa have recently entered into a negotiated settlement procedure for the crisis, and the 2025-2029 industrial recovery plan is still being developed, with preliminary data that does not allow for an adequate impairment exercise.
Sell-off on Dexelance, which fell more than 18%, bringing the price to around EUR 4.45. The company presented its mid-term Ambition focused on organic growth, which envisages revenues of around EUR 500 million, including the consolidation of the Roda Group expected in 2028. The company also expects adjusted net profit to stabilize at around 7%.
Among SMEs, Ena closed up 10%, following the bullish candle of the previous day, which closed with a gain of over 11%.
eVISO - up 4.0% - announced on Friday that it had reported a sharp increase in volumes in the reseller channel in December, with a significant improvement compared to the previous month. Gas volumes rose 76% to 40 GWh from 23 GWh in November, while power volumes grew 3% to 789 GWh from 767 GWh previously.
Innovatec - up 1.9% - announced on Thursday that it had signed a sale and purchase agreement, for a total value of EUR 5.0 million, for the remaining 49% stake in the share capital of its subsidiary Innovatec Energy Srl, held by its main shareholder Sostenya Group Srl. In addition, a shareholder loan of approximately EUR 3.9 million was signed by Sostenya Group in favor of Innovatec.
gAIn360 - up 3.8% - represented the 69th admission to Euronext in 2025 on Friday after raising EUR 1.8 million during the placement phase. The free float at the time of admission is 13.4% and the market capitalization at IPO is EUR 9.8 million. The company was founded in 2024 and offers a unified platform designed as a true one-stop shop for wealth management operators. Offered as an innovative, ready-to-use SaaS, it is integrated into the Salesforce ecosystem and is also accessible via AppExchange, leveraging a fully AI-driven approach.
In New York, the Dow Jones is down 0.7%, the Nasdaq is down 1.9%, and the S&P 500 is down 1.3%.
On the currency front, the euro is trading at USD 1.1729 from USD 1.1747 at Thursday's stock market close, while the pound is trading at USD 1.3347 from USD 1.3419 last night.
Among commodities, Brent crude is trading at USD 61.03 per barrel, up from USD 60.88 per barrel at yesterday evening's close, while gold is trading at USD 4,272.47 per ounce, up from USD 4,256.54 per ounce yesterday evening.
In Monday's economic calendar, at 0300 CET, China's industrial production and unemployment rate data will be available.
From the Eurozone, at 1100 CET, it will be the turn of the industrial production report.
From the US, Williams of the FOMC will give a speech at 1630 CET.
No events are scheduled among companies listed on the Italian stock exchange.
By Maurizio Carta, Alliance News Reporter
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