Violent turnabout for Capitalia and Fineco (former Bipop). The title of the bank is in fact losing the Capitoline 2.14% share slipping below 1.42 euros, while Fineco is leaving at ground level 3.03% to 0.57 euros. Capitalia is still undergoing heavy downgrade of WestLB Pnmure that last Friday advised its clients to sell the title, setting a target share price 1.20 euros.
This break down sales on Capitalia. The title of the ultimate holding company of the new banking group which includes the activities of Banca di Roma-Bipop-BDS is losing over 3% falling below the threshold of 1.90 euros. More than 3.3 million units traded. Yesterday capital was closed with an increase of 4%. In stark contrast, however, Bipop: +1.40% to 0.754 euros sospenta purchases since, most analysts consider it at a discount compared to Fideuram and Mediolanum.
European stocks are back to smiling. The positive closing of Nasdaq and the discourse on the health of the U.S. economy made last night by Alan Greenspan are snapping back on purchases and telephone technology stocks, the most downtrodden in the day of ieri.Piazza Affairs has opened so the upward 0.71% due to a good start STM, Tim, Mediolanum and Bipop. Step forward for IntesaBci General and despite both companies are exposed in WorldCom. In ground not, however, Snam Rete Gas and Lottomatica.
“Given the uncertainty that hovers on the market and the sharp reassessment in recent days by Bipop, investors have rediscovered Banca di Roma. But in this case pushing downward.” And ‘this is the explanation that comes from a trader of a note that indicates sim Milan as arbitrageurs are doing “dance” the two titles. Bipop is preparing to close in upward of 1, 2%, while Bank of Rome gives 3.63%.
Evolution at two speeds for the two titles of assets under management. While Mediolanum is traveling on the minimum day to 8.33 euros, down by 1, 8%, Fideuram is holding equal to 7.55 euros. Both titles now detach the coupon: Fideuram pays 0.23 euro and 0.10 euro Mediolanum. In red even Bipop (-1.35%) to 1.975 euros. Mediolanum be noted that, from mid-March, has lost more than 20%.
The sitting quietly in Piazza Affari, where the indices for the whole day in some small progress, it was dyed red in late afternoon. On closing the Mibtel marked a decline of 0.41%. Sitting positive for Banca di Roma, Bipop to slip instead. The Assembly gave the go at the marriage between the two institutions. In progress Fiat, Pirelli, Olivetti and L’Espresso, in the wake of the French media. Well even IntesaBci and Bulgari. In the red for Alliance, BNL, MPS, Mediaset, Mediobanca, Sanpaolo, Snam Rete Gas and Seat. Among the worst securities Dalmine, collapsed under the weight of Appeal of British giant BHP Italian company that requested a maxi-compensation from 331.5 million euros for the supply of pipes in 1993.
Start of the week slightly negative for the main European stock exchanges that seem to breathe a bit ‘breath after the race last eighth. Piazza Affari so open with a slight fall of 0.15% due to a false start of Unicredito, Mediaset, Mediolanum and Pirelli. Resist instead Bipop, Saipem and Eni, which benefits from the likely cut in oil production by 1.5 million barrels.
Start sitting with a plus sign in the securities of assets under management. In progress above Bipop Carire that marks a +3.43% to € 1.9 EUR: Bank of Brescia uncertain futures increases the speculative appeal and the entry of new members is becoming increasingly likely. Good start for Mediolanum (+2.1% to 9.06 euro) and Fideuram (+1.6% to 7.04 euro).
Situation stable at Piazza Affari, the index Mibtel continues to travel in the positive area, up of 0.51%. Positive Eni, Bipop, Tim and Telecom.
After the sharp descent yesterday two of the three titles of banks specializing in online trading, Mediolanum and Fideuram, catching up and sailing in the area positive. Bipop instead continues today down by approximately 1%.
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