Fondiaria Sai down in Piazza Affari despite the capital increase

Heavy losses for the Fondiaria Sai stock at the beginning of the week. At 12 the stock lost 3,71% despite the capital increase closed on Friday having been almost entirely subscribed (99,572% for ordinary shares and 98,736% for savings), for a total of 446,3 million euro. An analyst explained to Reuters that "it is indeed good news considering the very difficult conditions of the stock market in recent weeks, especially for Italian financials penalized by the widening of spreads (Bund/Btp), but, despite the enormous capital injection , equity remains very weak and there remains a high risk that the company will need additional liquidity”. At midday, the Ftse Mib index slipped to 18.175 bps (-1,49%).