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Napolitano-bis effect on the markets: the spread falls, the stock market flies

The re-election of the Head of State drags Piazza Affari to the top of the increases in the European stock exchanges – Spread below 290 – Today some stocks on the stock exchange are paying dividends with an overall impact on the index of 0,26% – All the blue chips are doing well: come on bank stocks to insurance companies, passing through industrialists.

Napolitano-bis effect on the markets: the spread falls, the stock market flies

The wind from Colle su blows Business Square. The Milan Stock Exchange moves sharply with the Ftse Mib index rising by 2,1% to 16.091. The other European Stock Exchanges were also positive, but with much lower earnings: Frankfurt +0,67%, London +0,72%, Paris +0,41%. On the Milanese list, all the blue chips are on the rise. Well the BTP: the 4,14-year yield is 289%, spread down to 7 (-XNUMX basis points).

To evaluate the rise, it is necessary to take into account that this morning some stocks on the list detach the dividend with an overall impact on the index of 0,26%. Here is the list: Edison saving 0,15 euro (the ordinary share is not listed); Fiat Industrial €0,225; Prysmian €0,42; Recordati balance of 0,10 euro (0,20 euro advance already distributed on 19 November 2012); ordinary Telecom Italia €0,02; Telecom Italia saving 0,031 euros. 

Among the banks, Unicredit salt by 4,3%, Understanding + 2,24%Mediobanca + 3,23% MontePaschi +2,877%. Among the popular women who held meetings over the weekend, Ubi +6,31%, Bper +3,35% and Banco Popolare +4,75%. On the rise Generali +4,84% after promotion to "overweight" from "equal weight" by Barclays. Among the insurance companies Fondiaria +5,08% and Unipol + 2%.

All industrial stocks up. Fiat (+2,11%) will publish the quarterly accounts on 29 April. Analysts are optimistic, the consensus for the first quarter foresees a trading profit of 720 million euros, pre-minorities profit expected at 150 million and net industrial debt expected at 7,1 billion.  

Finmeccanica +1,62%, StM +2,52%. Eni 0,75% salt, Enel + 2,47%. Parmalat advances by 1,43% . On Thursday evening, the Court of Rome established that the company controlled by Lactalis must return 75% of the Centrale del Latte di Roma to the Municipality of Rome.

Telecom Italy, already adjusted for the detachment of the dividend, rose by 2,3%. The press reports the first indications of the consensus of analysts on the first quarter results which will be approved on May 8th. 

sapphire loses 0,8% after Mediobanca decided to cut the rating to "neutral" from "outperform". The target price is set at 10,9 euros. Sogefi it lost 1,7% to 2,12 euros after the communication of the quarterly results. The components company closed the first quarter of the year with revenues down by 5,1% compared to the same period of the previous year (-2,3% at constant exchange rates). 

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