In the month in which Italy has been without a government, Piazza Affari smiled. Indeed, the Ftse Mib stock market index grew by 9,32% in April. Now the government of Enrico Letta was born and is operational. The measures that the executive promises to adopt concern the suspension of the Imu and the renunciation of increasing the VAT. If from all over the world there are those who wonder where Letta will find the resources to financially cover the points of his program, the markets and the Stock Exchange instead give - without ifs and buts - confidence in the premier and in the country. They are not at all concerned with the hypothesis, according to some very probable, that Italy would give up its exit from the Community procedure due to excessive deficits. Renunciation of the rigor which would be, for our country, a direct consequence of the coverage of the government's points (10 billion euros).
Who wins and who loses in April. Italy, as a country as a whole, definitely wins. At least in terms of the financial climate. The spread is at —- level and at times it almost seems like we're back to the pre-crisis climate. On the Stock Exchange, the absolute winner of the month is Milano Risparmio with an increase of 39,06% compared to the end of March; the insurance group is also in third place in the ranking of the best performances since the beginning of the year (+85,19), preceded by Dmail Group (+113,08%) and by Safilo Group (+88,21). Despite the positive trend in shares, the future of Milano Risparmio remains uncertain: the merger with Fondiaria Sai and Unipol, and the consequent birth of the new Unipol Sai, could create new prospects for what Unipol's CEO (Carlo Cimbri) has defined “the little girl of the class, the Cinderella of the sector”. Fondiaria Sai, with +35,81%, takes second place in the ranking of the biggest increases of the month: thanks to the increasing interest from foreign investors who welcome the merger. After Milano Risparmio and Fondiaria Sai, we find Iren (+34,92%), Rcs Mediagroup Risparmio (+34,55) and Metorios Capital (+29,63%).
The title that wins the black jersey for the month of April, with the greatest drop, is Screen Service. Since the end of March, the share has lost 35,96%: the group is facing a profound corporate crisis and at the beginning of the month it started negotiations with the unions to "identify – as stated in the press release – the measures for the reduction operating costs". Furthermore, the group has announced that in May, for twelve months, the solidarity contract could be triggered to manage 22 redundancies between Brescia and Milan. In the ranking of the worst after Screen Service, Seat Pagine Gialle Risparmio (-28,33%) and Edison Risparmio (down by 22,81%) appear. To bring down the share title of the energy group were, in part, its results of the first quarter of the year: the losses tripled (the result was negative for 142 million euros, in the same period of 2012 the red was 51 million) and the fault was above all the contraction in margins which is pushing Edison to renegotiate contracts. After Edison Risparmio, Rcs Mediagroup (-22,66%) and Enertronica (-19,33%) secure a place in the ranking of the worst.
