Share

Saipem: no new contracts, shares fall on the Stock Exchange

| di | 0

After the rally in the last few sessions, a day of realizations on Saipem, black jersey of the Ftse Mib in the morning – The denials of the CEO Virgin on the new incoming contracts weigh on the construction company controlled by Eni.

Saipem: no new contracts, shares fall on the Stock Exchange

In Piazza Affari the spotlights are on Saipem which, after the rally of the last few days, drops almost 3%, showing itself as the black shirt of an Italian list which, in the morning, travels in moderately positive territory. The trading volume on the title is very high.

In addition to the natural profit-taking after the recent increases, the shares of the Eni subsidiary were penalized by the declarations of CEO Umberto Vergine, who denied that there are any news relating to new contracts entering the engineering and construction company, on which the market has been speculating in recent days.

According to today's report by Equita "the stock had a strong performance in the last month, +20% against the sector average +6%, but "The absence of announcements of new contracts also puts 2015 estimates at risk" and calls for caution.

You might also be interested ...

comments