February of shopping on Ftse Eb. Almost all the stocks in the main basket closed the month in surplus with consistent performances especially in the case of the banking sector. Against an index that closes up by a healthy 7,62%, most of the stocks of credit institutions record gains of more than 10%.
A real rally puts it to the mark Mps rising by 52,32% at 0,616 euros per share. Despite the record recovery, there is still a long way to cover the losses of recent times: at the end of September, before the outcome of the ECB's quality review which indicated a new capital shortage in the event of an adverse economic scenario, the stock above one euro.
At a distance, but still with a double-digit increase, the main ones follow Popular: Bper +22,07%, Banco Popolare +21,85%, bpm +19,02% e Ubi +14,23%. The entire sector was hit by the shock given by the government with the start of the popular reform which obliges institutions with more than eight billion assets to transform themselves into joint stock companies within 18 months of the approval of the measure. These are all the major popular listed on the stock exchange.
The banking sector then benefits from the boost of Qe which starts on Monday: the expectation for the wave of liquidity has pushed the Btp-bund spread which at the end of the month fell below 100 basis points, supporting purchases in the banking sector. Well indeed too Intesa Sanpaolo e Unicredit up by 14,11% and 12,62% respectively. Mediobanca +6,95%, UnipolSai +6,91%. Purchases on asset management which continues to record good momentum on the funding front: Azimut +13,02%, Mediolanum +6,47%.
Highlights with a performance of the 17,83% is Fiat Chrysler, fifth best title of the Ftse Mib. The automotive group benefited from the expectation for the 10% shareholding in Ferrari and from the excellent data coming from sales in the US auto sector which are projected to reach 17 million units in 2015. In particular, FCA has achieved a start of year with the turbo. In January, sales grew by 14% to 145.007 units, compared to 127.183 units in the same month of 2013. This was the best January since 2007. All brands competed: Chrysler, Dodge, Ram Truck and Fiat, but it's Jeep, which jumped 23 percent. For Fiat it is the 58th consecutive month of growth. At a distance, but still on the rise, Cnh Industrial +10,22% and safe Agnelli, Exor, +9,62% follow. The spotlights on the stock have turned on especially recently on the news that the company is studying the sale of the subsidiary Cushman & Wakefield, an American company that operates in the real estate sector.
Oil-related stocks are defending themselves this month despite the fact that crude oil prices are still squeezed below 50 dollars (the WTI). Eni +11,29%, Saipem +15,51%. Tenaris is more cautious, stopping at +3,58%.
Overall, 14 of the 40 Ftse Mib stocks closed up by double digits. All the others post a positive performance below 10%, with the exception of Generali slips by 1,35%. Among the less brilliant performances we find luxury which stops at the bottom of the ranking: Tod's +0,69%, Yoox +1,26%, Moncler +2,49%, Luxottica +4,48%, Ferragamo +5,68% . And the Benetton galaxy: from the good 6,16% of Autogrill to +5,56% of Wdf to +3,045 of Atlantia. Moderate increases also for energy utility stocks: Snam +4,04%, Terna +33,4%, Enel +2,46%. Mediaset gains a meager +1,56% despite the spotlights being turned on this week on the Biscione which announced, through its subsidiary Ei Tower, a takeover bid on Rai Way.
Outside the Ftse Mib, the biggest increases concern Aedes +143,77% and Mondo TV +50,61%. The more marked reductions instead limit the losses below 10% and concern Caleffi -8,35%, Save -5,09% and D'Amico -4,03%.
