The CAC 40 returns to exchange both positive and now earns the 0, 74% at 6105 points. This latest reversal is due to the American future on the S & P, which is almost unchanged from the close yesterday, after two hours ago he lost more than 8 points. Very good titles Tmt with France Telecom which gained more than 4% and Canal Plus 3%.
A mid-session the CAC 40 is experiencing a decline dell’0, 2% at 6049 points. The turnaround is due to the S & P futures at this moment is negative (-6 points) who made a sign to change the index of the largest securities Bleus. Among the worst Thomson CSF (-5.8%), Air Liquide (-4.2%), Alstom (-3.7%), Bouygues (-3.7%) and Lagardère (-3.6%). In contrast Tf1 (+3.2%), Canal Plus (+2.1%), France Telecom (+1.7%) and Vivendi (+1%).
black day for Paris, the CAC40 who loses 3.17% to 6065.71 points. After a week full of prudence, influenced by difficulties in the Nasdaq today, the Paris market and sold securities plunged dragged tecnologici.La media and prudence of the past days has turned into a race to sell the securities of the new economy with Vivendi Most Active Stocks of the day (-4.92%). Close in negative Canal + (-8.72%), Cap Gemini (-9.13%), France Telecom (-6.02%), the disastrous performance of TF1 which marks -14.42%. On the upside closed Valeo (+1.33%), Saint Gobain (+0.42%) and +2.27% with LaFarge.
Piazza Affari is touching the smallest of the day after in America came the inflation data. Mibtel marks a decline of 1, 48%, while the Mib30 1, 67%. A pull down the lists the titles of the Telecom phone, all negative except Tecnost. Mediaset, after a good start, fold over two percentage points as Mediolanum, Bipop and Banca Fideuram. Are not immune from violence either transfer the securities of the old economy as Fiat, Generali, Edison, Ras and Unicredito.
The weather forecast stock market does not yet speak of a return to calm, but further turbulence in the short term. “Our vision is a negative short-term stresses Fabio Santiccioli, head of studies of BCI,” For the next few weeks will continue the current trend of flat and slightly down market, boosted by the fall in securities linked to the sphere TMT and the situation in other areas where you do not have a rotation highlights sectors. These titles are able to cushion the fall but only partially. The devaluation has triggered a rebound in durable because technology stocks remain at risk and the correction continues to be significant. The trade-off risk / return for the securities hi-tech IPO is negative and the new are disregarding the effect of scarcity. Over the next few sessions the selection will gradually increase, after the fear of the last call. We therefore expect a reversal in the trend toward the positive for the coming weeks. While the trend remains positive at 12 months, with the possibility of a reversal more durable once removed excess of evaluation focused on media and technology. For now, the market may decline for a further 5%. “
Brusca turnaround for Piazza Affari, the index MIBTEL recedes into the negative zone and lost 0.37%. A retreat were the media headlines, they see their profits hit by lower profit taking, particularly Mediaset losing more than 3%. Lose positions but are still positive area in the other European exchanges.
As announced by Roberto Colaninno following the successful takeover bid launched by Olivetti for Telecom, the insurance company Meie, controlled by the telephone group, was finally alienated. It is acquiring the insurance company Unipol Bolognese, who wins a majority stake for 670 billion of Meie lire.Il purchase agreement includes the sale by the Saiat, 100% controlled by Telecom, 51.2% of Meie Insurance and 51% of Meie Vita. The divestment process is and ‘developed into a competitive auction process and the transfer of shares and the payment of the equivalent will happen after completion of the procedures authorized by Isvap and Antitrust. Meie The group has collected premiums in 1999 to about 1,200 billion lire (+28% on ‘98), of which 274 billion in life insurance (+34%) achieved a net aggregate of 22 billion (+122%).
As the fever of the Internet continues to inflame investors started to rain early profit taking on the last freshman I. Net, which in its third day of trading loses 0.88%. The title of the company led by Roberto Galimberti scored an excellent performance despite the market correction and is now 450 euros against 176 euros placement. “I. Net is the best technology stocks in our market,” said Gianluca Tomei, manager of Banca Profilo, “At these prices is expensive but not very expensive and its price is certainly less inflated than other actions, considering that company has good fundamentals and has already achieved good operating results.
The meeting today is characterized by the strong recovery in the publishing industry. Titles espresso, HDP, Monrif Poligrafici Editorial, Mediaset and Mondadori rise in recent sessions after losing several percentage points. The prices have definitely scaled offered an excellent opportunity to purchase. L’Espresso is in fact 17.75 euros against a maximum of 26.74 touched on only a month ago, the same for Mediaset, which is trading at 17.82 euros against a maximum reached 26.8 euro.Proprio Mediaset remains, in the analysts, the most interesting title in the sector for the excellent prospects for development.
Finmatica suspended for excessive rise to 102 euros. The evolution of the title fits perfectly into today’s situation. As soon as the fever of the Internet seems exhausted and ready for a spin sectoral positive signals coming from overseas, which obtained their interest in the new economy. The immediate consequence is that they return to rain on buying technology stocks. Were in fact the latter has to suffer the greatest losses, and now that prices have returned interesting operators are seizing the opportunity buy new. Finmatica in the meantime there was still and began to look to the Nasdaq to study a possible listing that could bring new benefits to shares and shareholders.