Piazza Affari on the rise: Ftse Mib +0.45%, Lottomatica and Leonardo doing well

Piazza Affari maintained its positions at mid-session, with the Ftse Mib index growing by 0.45% to 52,104 points. The spread between German 10-year BTPs and Bunds rises to 84 points, with the Italian annual yield falling by 0.9 points to 2.83% and the German one rising by 0.1 points to 3.44%.

Lottomatica is brilliant (+4.83%) on the long wave of the integration with the Spanish Cirsa, which will generate, according to the group, up to 300 million in additional gross operating margin. Followed by Leonardo (+3.03%), Inwit (+2.17%), Ferrari (+1.86%) and Snam (+1.68%), driven by the buy recommendation from UBS, which raised the target price by 21% to 6.6 euros. Purchases also on Fincantieri (+1.65%), Italgas (+1.06%) and Enel (+1.05%).

However, Moncler (-2.64%) is not doing well, along with the rest of the luxury sector in Europe. Bper is also down (-1.06%), Banco Bpm is more cautious (-0.25%), while Mps (+0.5%), Mediobanca (+0.4%) and Intesa (+0.33%) remain above parity, whose shareholders have approved the capital increase for the takeover bid for Siena.

Unicredit unchanged, Eni moved little (+0.04%), in line with the conditions of the takeover bid, Poste (-0.7%) and Tim (-0.44%), on the penultimate day of the operation launched last 20 July. Among the stocks with the least capitalization, Technoprobe (+6.65%) and Immsi (+5.34%) jumped after the half-yearly accounts, while Tisg slowed down (-7.3%) after the audit firm's lack of opinion on the financial statements.