Monday will come into force next July first changes to the regulations of the Italian Stock Market. As for the STAR list where an audit firm issues an adverse opinion or be unable to judge the Italian Stock Exchange reserves the right not to admit or exclude from the segment of the issuer.
Improves Numtel future thanks to Americans who have returned to equality. Tiscali, which also share in the morning had reached 6.42 euros, changing hands at 6.74 euros, up by 1.4%, maximum session. Already good pieces that are exchanged and more than 800 thousand pieces for a title that yesterday had closed down 6% with volumes above the monthly average. The movement of yesterday and today, characterized by strong changes dierzionali should be linked to the closure of positions in derivative instruments, given that today is a day of deadlines tencniche. Also likely to close positions, “short”.
Banco Popolare Verona e Novara was rewarded with Eptasim, which raised its rating to accumulate “to” buy “after the completion of the agreement for the sale of property, whereby the bank will inscribe Verona in the budget of 120 million euros in capital gains.
In light of the events that are characterizing the evolution of Title FinPart (the quotation from January to now has lost 50% of its value) Gianluigi Facchini, president and shareholder of the group, and Silvano Storer to group, confirms that the company’s fundamentals are solid and companies in the group continue on their path of growth. In light of what is happening on the course title FinPart reserves the right to formally present the situation to supervisors in order to determine whether negotiations on the title were made in compliance with laws and regulations.
“The meeting today does nothing but increase the uncertainty in the market,” said Alberto Ieralla, Infochart technical analyst, who added: “The sharp increase in the volatility of recent sessions makes the market more difficult It is appropriate to try to establish some fixed point. First, the weakness of the dollar, which does not bode well for lists that have a setting in the medium term bearish, denied just over 30 thousand shares Mib 30 points, followed by the setting of the scales Americans, who yesterday opened gap up, not yet off. In the short term, however, is difficult to understand the trend in action: I prefer operability based on the sale of the market when it arrives on resistance. In this sense the level located at an altitude 29,500 points might be good to sell, as well as scores below 28,000, where the market could accelerate downwards. It ‘impossible to say, however, when the market will get there. We could witness another stage where you buy side to sell on the rebound resistance.
Inside a Numtel that continues to weaken because of poor performance of Nokia’s performance stands out even Txt, up 9% to 26 euros and with volumes above the average. In two days the title has gained nearly 20%. The capitalization of the group (57 million) at this time is about two times the turnover in 2001, “a high value not taking into account that in case we have 17 million, which deducted would lead to a relationship between market value and turnover of 1.3, “said Alvise Braga Illa, president of the group, adding” The title has suffered enough in this first half of the year and a bounce is desirable. ” Txt predicted for 2002 a consolidated turnover of 50 million euros in the first quarter, traditionally negative, the production value has reached 10 million euros. “The time to market is more difficult than that seen five months ago (during the presentation to investors) and we do not feel to make further predictions,” says Braga Illa. “There will be however large budget variance for the current year. We note again the difficulty of a market like Germany, where we are present for a year, in the process of internationalization of the group. ” Notes from the positive product, “where we will announce some news next week.”
Before sitting for the capital increase of Tecnodiffusione, which passes from hand accounted for 17 euros, the decrease of 1, 2%. The titles to these prices already discount the new equilibrium after the rise: will be offered as an option to members, in fact, two new shares every three held at 12.5 euros each. The rights will trade 3 to 14 February increase will end ten days later.
a difficult day for the main European markets. The debacle of the day and plaque that Deutsche Telekom is collapsing of 5.17%, reaching its lowest value in the morning ever to 11.48 euros per share. In Frankfurt, where the index is experiencing a decline of 2%, went into crisis in the insurance industry, with Marschollek and Allianz that they are losing respectively 3.6% and 2.9%. Even bad Infineon (-2.32%) who suffered the drop in prices reported in the last two years, the semiconductor industry. In Paris, the CAC closed the session with a loss of 1, 72%. Freefall Alcatel (-6.19%), herself suffers from falling prices of chips, and Vivendi Universal (-5.1%) after the board yesterday that created discontent among the major shareholders of the group. Rain also sell on the technology sector and Telephone, as demonstrated by scivolani remedied by Thomson Multimedia (-3.86%), France Telecom (-3.79%) and STMicroelectronics (-3.06%). The Footsie, meanwhile, reported a loss of 0.83%. Sick all the telecoms sector, with Vodafone in delayed 3.78%, while the black jersey was indoissata from ARM Holdings, which has lost 8, 83%, still hindered by the loss of customers in the wireless industry. Finally, to signal the long shot of KPNQwest, which gained 36.36% after the items have circulated about a possible purchase of the company by a large group.
Analysts at Morgan Stanley has revised upwards the target price of Alstom French title from compilation of previous 14 euros to 15 euros. Confirmed the bond opinion of equal weight. Despite the difficulties faced by the company in cycles, Morgan Stanley confirms that the sector is still interesting. The title is now suffering and loss of 1, 90% at the Paris Bourse.
Endesa has denied rumors that indicated as the next entry in Olivetti. But the title of the holding company of Ivrea is always supported which means that something is moving around the group of Roberto Colaninno. “Olivetti retains its appeal only on rumors of takeover speculation and not for the arrival of a new partner,” said Manlio Bonafede, manager of Banca Leonardo, “The title is still supported so someone is collecting shares in the market.”
