Milan’s Piazza Affari remained positive in early trading on November 2, with the FTSE MIB up 0.2% at 49,590 points after more than 30 minutes of trading.
Lottomatica led the gains, rising 1.23%. UniCredit and Campari each gained 1.15%, followed by Inwit at 1.1% and Amplifon at 0.95%.
A2A fell 4.03% on trading volumes well above normal levels, reaching nine times the daily average recorded over the previous four weeks. Other decliners included Stellantis, down 1.05%, Prysmian (-1%), Hera (-0.82%), TIM (-0.75%) and Moncler (-0.56%).
The banking sector was mixed: Intesa gained 0.65%, BPER rose 0.5% and MPS added 0.25%, while Mediobanca slipped 0.15% and Banco BPM lost 0.5%.
Among smaller-cap stocks, Landi Renzo jumped 7.28% and Lazio gained 3.96%. Zucchi dropped 9.5%, while Aedes fell 4.95%.
The spread between Italian 10-year BTPs and German Bunds narrowed to 116.4 points. Italy’s annual yield declined by 2.8 points to 4.48%, while Germany’s fell by 0.2 points to 3.32%. France’s 10-year yield decreased by 3.3 points to 4.93%.
Sources: ANSA Economia.