After two sessions without being able to make a price, today at the opening the Mps share was admitted to trading again and immediately recorded a plunge of 20,76%, to 1,756 euros, by far the worst drop of the whole Ftse Mib. In the first half hour, 11,6 million shares were traded, then the shares returned to the volatility auction. Fees fall by 7,3% to 19,92 euros.
In the previous two sessions, the stock had soared from 1,54 to 2,216 euros, but without the possibility of crossing purchases and sales due to the hyper-demand for shares. Yesterday's closing auction and the after hours allowed for large quantities of trading to be concluded and today the MPSs are back to trading but with substantial sales volumes which are putting pressure on both shares and rights.
On Monday, the Sienese institute launched a maxi capital increase of 5 billion euros. The bank will issue 4.999.698.478 ordinary shares at a price of one euro each in the ratio of 214 for every 5 held.
