International stock exchanges continue to be prey to volatility. The first week of trading in 2016 was deeply marked by global tensions and concerns relating to the performance of the Chinese economy and the effects of the devaluation of the yuan. After the heavy losses of the first two days of the week, the lists attempted to rebound and today's session was also characterized by a continuous ups and downs. Just over an hour after the closing, Piazza Affari turned red again, dropping 0,8% after recovering in the wake of US employment data.
To "discount" this volatility not only the blue chips, but above all thin titles, some of which today put in place yet another double-digit performance. The reference is in particular to Trevi Finanziaria Industriale and the Zucchi Risparmio shares, both of which entered the volatility auction with theoretical increases of 15,18% and 13,33% respectively. Rosss (+8,40%) and Valsoia (+6,9%) also did very well.
Also noteworthy is the excellent performance of the title Tas after the group appointed the Milanese manager Enrico Pazzali as new board member. The appointment comes after that of managing director of Eur Spa, a company of the Fiera di Roma.
Returning to Trevi, after yesterday's plunge (-10,06% to 1,50 euro), the rebound can be considered successful. The rally that began in mid-December in the wake of rumors relating to the order for the Mosul dam in Iraq continues.
But the real protagonists of this beginning of 2016 are the Zucchi Savings shares which, in just 5 days, gained 47,83%, rising from 0,11 to 0,17 euros. Excellent news after the corporate vicissitudes of recent times that have lightened Gigi Buffon's portfolio by almost 20 million euros. The goalkeeper of the national team and of Juventus, in fact supported two capital increases, rising up to 56,3%, in order to safeguard the jobs of the more than one thousand employees of the company. The rally of the last few days is due in particular to the bank debt restructuring agreement reached in 2016 and to the entry into the shareholding structure of the Astrance Capitale fund. With a capital increase of 10 million, the French will have control of the company through a new company, while Buffon will maintain the role of minority shareholder, with a stake that will drop to 20%.
