(Alliance News) - Major European stock exchanges continue to follow a bearish course, mid-day Tuesday, with Piazza Affari still among the worst performers.

Thus, the FTSE Mib remains 0.9 percent in the red at 27,283.15.

Among the smaller listings, the Mid-Cap gives up 0.6 percent to 43,402.70, as does the Small-Cap to 29,061.96 while Italy Growth is in the red 0.2 percent to 9,258.93.

In Europe, London's FTSE 100 gives up 0.3 percent, Paris' CAC 40 is in the red by 0.7 percent and Frankfurt's DAX 40 is in the fractional red.

In Milan, on the main list of Piazza Affari, only Inwit, in the green by 0.9 percent, and Enel, in fractional green, are saved.

At the bottom of the list UniCredit is down 2.4 percent. The bank announced Tuesday that it had purchased 10.2 million of its own shares between April 17 and April 21, 2023. The shares were purchased at an average price of EUR19.4380 for a total value of EUR199.0 million.

Banca Monte dei Paschi di Siena, which is retreating 1.2 percent, announced that it has appointed board members.

Chairman Nicola Maione and deputy Gianluca Brancadoro join the board, as well as Luigi Lovaglio, Paola Lucantoni, Anna Paola Negri-Clementi, Laura Martiniello, Donatella Visconti, Lucia Foti Belligambi, Domenico Lombardi, Paolo Fabris De Fabris, Renato Sala, Stefano Di Stefano, Marco Giorgino, Alessandra Giuseppina Barzaghi, and Paola De Martini.

The board then decided that Luigi Lovaglio remain CEO.

Iveco Group also hurt, down 2.3 percent.

Interpump Group, in the red by 0.6 percent, announced the acquisition of a 70 percent stake in I.Mec.

The value of the transaction was set at about EUR14 million.

On the Mid-Cap, Juventus FC is confirmed at the bottom, which deteriorates from the opening and gives up 4.0%. Carel Industries is also bad, in the red by 2.6%.

Webuild gives up 0.9%. The company announced Saturday that it had purchased 237,689 of its own ordinary shares for a total value of EUR463,022.52.

Tamburi Investment Partners also retreats 0.9 percent. The company reported Monday that it purchased 70,501 of its own ordinary shares between April 17 and 21.

The shares were taken over at an average price per share of EUR8.4204, for a total value of EUR593,649.21.

Maire Tecnimont gives up 0.3 percent after rising on the eve of the day.

The company announced Friday that its subsidiary NextChem, part of the Sustainable Technology Solutions business unit, after completing the advanced engineering study for methanation for the Salamandre project in Normandy, has been awarded a new contract by Storengy to perform an additional advanced engineering study for gasification of wood waste and purification of synthesis gas system to produce biomethane.

Arnoldo Mondadori Editore - in the red by 0.8 percent - announced Thursday that it has executed a contract to sell its 18.45 percent stake in Società Europea di Edizioni, publisher of the daily Il Giornale, to PBF.

Cementir Holding--down 0.9 percent--reported that the shareholders' meeting renewed the board of directors, which will serve a three-year term, reducing the number of members to eight, including one executive director, Francesco Caltagirone, and seven nonexecutive directors.

Among the bullish, who are the minority, OVS garners 1.3 percent and Brunello Cucinelli 0.2 percent

On the Small-Cap, Bialetti Industrie rises to the top with 6.4 percent. algoWatt follows with a 5.6 percent rise. The company announced Monday that it has entered into an "important framework agreement with a leading Italian credit institution" for the evolutionary and corrective maintenance of remote control solutions for technological systems and management of maintenance teams at offices throughout Italy.

Caltagirone rises 1.3 percent. The company announced Friday that the ordinary shareholders' meeting appointed the new board of statutory auditors for the three-year period 2023 - 2025.

Bioera is up 0.8 percent after announcing Friday evening that the board of directors approved the financial statements as of December 31, 2022, reporting a group loss of EUR4.1 million compared to a profit of EUR15.3 million in fiscal year 2021.

Revenues, on the other hand, were EUR626,000 compared to EUR19.8 million in the previous year.

Among SMEs, UCapital24 remains at the top with 43 percent after letting it be known Monday night that the board of directors approved its 2022 results, reporting a net loss of EUR744,000 an improvement of 43 percent from a EUR1.3 million loss in FY2021.

The board also approved a 2023-2025 Development Plan indicating total revenues between EUR5.0 and EUR6.0 million.

Farmacosmo rises with 1.5 percent after announcing Monday that in the first quarter of the year 2023 it recorded an increase in all major indicators starting with revenues that rose to EUR18.8 million, up 6.0 percent compared to the same period in 2022.

Portale Sardegna gave up 2.0 percent after announcing Monday night that 2022 ended with a value of production of EUR8.9 million, up from EUR6.4 million in 2021.

In fact, the board of directors approved the consolidated financial statements as of December 31, 2022 reporting a worsened net loss to EUR500,000 from EUR230,000 in 2021.

Destination Italia is in the red by 4.7 percent. On Monday evening, it reported that it saw an improvement in all indicators in 2022, with the loss narrowing 52 percent to EUR950,000 from EUR2.0 million in 2021.

Revenues soared, rising 266% to EUR27.1 million from EUR7.4 million in 2021.

Esautomotion still does not trade. On Saturday it informed that it has signed a EUR10.0 million investment agreement and a shareholders' agreement to acquire the business of Sangalli Servomotori, a company active in the electric motors market, through the purchase of the entire share capital of a newly established company.

SolidWorld Group trades in the red by 2.6 percent. On Monday, it announced that the first unit of Electrospider, a 3D bioprinter capable of making reproductions of human cells and tissues with additive technology, will be delivered in September, with mass production announced for Feb. 16, 2023.

Take Off gives up 2.4 percent after closing up 6.3 percent. The company reported first quarter revenues at EUR8.3 million, up more than 34 percent from EUR6.2 million as of March 31, 2022.

In Asia, the Nikkei closed fractionally in the green at 28,620.07 and the Hang Seng closed 1.7 percent in the red at 19,617.88 while the Shanghai Composite was down 0.3 percent at 3,264.87.

In New York on Friday, the Dow Jones closed up 0.2 percent, the S&P finished in fractional green while the Nasdaq ended in the red by 0.3 percent.

Among currencies, the euro changed hands at USD1.1031 versus USD1.1030 at Monday's close. In contrast, the pound is worth USD1.2471 from USD1.2467 on Monday evening.

Among commodities, Brent crude is worth USD82.52 per barrel USD82.04 per barrel on Monday night. Gold, on the other hand, trades at USD1,988.25 an ounce from USD1,995.25 an ounce at Monday's close.

On Tuesday's economic calendar, at 1500 CEST, the U.S. house price index is released while, half an hour later, it is the turn of building permits issued. At 1600 CEST, the consumer confidence report is released.

By Chiara Bruschi, Alliance News reporter

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