Mib falls to 42,100; MPS and Mediobanca in the red

(Alliance News) - In the second session of the week, the Mib fell back, slipping to around 42,100 points.

On Tuesday, markets returned to risk-off mode after yesterday's gains. The Eurozone's annual inflation rate rose slightly to 2.1% in August, exceeding expectations of 2.0%, while core inflation remained stable at 2.3%.

These figures reinforce expectations that the ECB will suspend interest rate cuts again next week and cast doubt on the likelihood of further easing later this year.

On the corporate front, attention is shifting to deal-making. Banca Monte dei Paschi di Siena has relaunched its hostile bid for Mediobanca, modifying the takeover bid with an additional EUR 750 million in cash. The goal is clear: to secure acceptances before the deadline.

The FTSE Mib is therefore down 0.6% to 42,143.00 points.

The CAC 40 in Paris is trading just below par, the DAX 40 in Frankfurt is down 1.1%, while the FTSE 100 in London is down 0.4%.

Among the minor indices, the Mid-Cap is down 1.1% to 56,074.36, the Small-Cap is down 0.8% to 34,397.68, while the Italy Growth is down 0.3% to 8,474.72.

Among the blue chips, Ferrari continues its strong performance since the opening bell, rising 1.8% to EUR419.30 per share. It should be noted that Deutsche Bank has raised its target price to EUR520.00 from EUR430.00.

Brunello Cucinelli, on the other hand, is up 1.7% to EUR99.68 per share after two bearish sessions.

Leonardo fell 2.7% to EUR49.55 per share after two bullish sessions.

As anticipated, Banca Monte dei Paschi di Siena - down 2.8% - announced on Tuesday that it was raising the stakes for the acquisition of Mediobanca, which is trading down 2.5%.

The voluntary public exchange offer, launched on July 14, has been improved with the addition of a cash component of EUR 0.90 for each Mediobanca share that will be tendered. This cash bonus is in addition to the initial consideration of 2.533 new MPS shares. The decision, taken on Monday evening by the MPS board, aims to make the offer more attractive and maximize participation.

The move was described by the bidder as "further concrete evidence of the industrial value of the transaction and its focus on the market." The stated goal is to accelerate value creation and convince Mediobanca shareholders to accept the exchange.

On the secondary market, Webuild is down 5.5% to EUR3.71, heading for its seventh session to close with a bearish candle. It should be noted that on Monday, Mirabella Financial Services reduced its short position to 0.49% from 0.50%.

Juventus FC - down 0.3% - announced that it had concluded agreements with Lille for Zhegrova for a consideration of EUR14.3 million, payable in four financial years, in addition to ancillary costs of EUR1.2 million. It also concluded an agreement with RB Leipzig for Openda for a consideration of EUR 3.3 million. Bonuses of up to EUR 800,000 are also envisaged upon the achievement of certain sporting objectives.

CIR - down 1.3% - announced on Monday that it had acquired 325,000 of its own ordinary shares between August 25 and 29, for a total value of approximately EUR206,000.

Comer Industries rose 4.0% to EUR36.20 after three sessions of decline.

Salvatore Ferragamo also gained 3.0% to EUR4.76 per share, after two sessions of decline.

In the small cap sector, Centrale del Latte d'Italia rose 7.0% to EUR 3.36, bringing its gain since the beginning of 2025 to 23%. During trading, the stock updated its 52-week high to EUR 3.40 per share.

Generalfinance - up 2.9% - reported its first-half results on Monday, reporting net profit of EUR 12.3 million, up 54% compared to the same period in 2024, when it was EUR 8.0 million. Net interest income stood at EUR 7.2 million, up 45% compared to the same period in 2024, when it was EUR 5.0 million.

Net fees and commissions amounted to EUR 23.0 million in the first half of the year, up 44% compared to EUR 16.0 million in the same period of the previous year.

Beewize fell 2.4% to EUR0.40, after gaining 0.7% on Monday evening.

IGD fell 2.5% to EUR 3.27 per share, after a 1.5% gain the previous day.

Among SMEs, ESI rose 6.6% to EUR1.62 per share, after two sessions in the red and with a price in the EUR1.63 range.

Predict, up 6.9%, announced on Tuesday that, as the leader of the RTI consortium with Emtesys and CONSIS Soc. Cons., it had been awarded the tender for the supply of a local ICT services platform, robotics and home automation tools, and diagnostic kits. The tender is part of the "Amica: intelligent holistic assistance for Active Ageing in indoor and outdoor environments" project.

Officina Stellare - up 2.1% - announced on Tuesday that it had signed a new multi-year contract with Thales Alenia Space Italia - a joint venture between Thales (67%) and Leonardo (33%) - for the design and construction of a complete optical ground station for lasercom applications. As the company explained in a statement, the contract will have a duration of 65 months for a total value of EUR7.5 million.

Sales on Ambromobiliare, which is down 1.9% after yesterday's positive session with a 4.0% increase.

Ecosuntek, on the other hand, is down 5.5%, subject to profit-taking after three sessions of significant gains.

In New York, the stock markets were closed on Monday for Labor Day.

Among Asian markets, the Nikkei advanced 0.3%, the Shanghai Composite closed down 0.6%, while the Hang Seng is down 0.4%.

On the currency front, the euro is trading at USD 1.1666 from USD 1.1703 at Monday's stock market close, while the pound is trading at USD 1.3428 against USD 1.3540 last night.

Among commodities, Brent crude is trading at USD 68.63 per barrel, up from USD 68.23 per barrel at Monday evening's stock market close, while gold is trading at USD 3,482.90 per ounce, up from USD 3,476.46 per ounce last night.

On Tuesday's economic calendar, Ederson of the European Central Bank is scheduled to speak at 1:30 p.m. CEST, and data on the US manufacturing sector and car sales are expected at 4:00 p.m. CEST.

Data on car registrations in Italy, on an annual basis, will be released at 1830 CEST.

By Maurizio Carta, Alliance News Reporter

Comments and questions to [e-mail]

Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.