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Stock exchange, Unicredit still in the abyss

On the day in which the capital increase starts, the shares of Piazza Cordusio collapse again in Piazza Affari (-7%) - The attempt to rebound at the opening failed

Stock exchange, Unicredit still in the abyss

On the stage of Piazza Affari today all eyes are focused on Unicredit. But the music doesn't change and the tragedy doesn't turn into comedy: the title of Piazza Cordusio loses 7,32% just one hour after the start of trading. Thus the attempt to rebound at the start failed - which for a few minutes led the shares to gain more than 4% - on the hottest day for the Bank, which will start today a capital increase from 7,5 billion.

The price at which the shares will be sold is 1,943 euros, for one maxi discount of 43% on the theoretical price. The announcement to the market kicked off a series of horror movie sessions: in the last three days of trading, Unicredit lost more than 35% on the stock market.

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