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Stock market: Snam bucking the trend, one of Ubs' favourites

The plant engineering company of the Eni group is among the few positive blue chips today in Piazza Affari – The Swiss institute reiterated the “buy” recommendation.

Stock market: Snam bucking the trend, one of Ubs' favourites

Negative session for the Milan Stock Exchange, which has moved in the red by about half a point since this morning. Among the few blue chips bucking the general trend of Piazza Affari is Snam Rete gas. A little more than half an hour after the close of trading, the share of the plant engineering company of the Eni group marks a rise of 0,75%.

Important volumes, with over four million shares changed hands so far. The company's shares – traded at 3,536 euros – were dragged into the green by Ubse's decision to include Snam in its list of favorite stocks among Italian utilities, reiterating the “buy” recommendation.

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