Difficult 2022 for Piazza Affari: IPO and value declining

Difficult 2022 for Piazza Affari IPO and value declining

(Tiper Stock Exchange) – 2022 it is confirmed a difficult year for Piazza Affari in line with the other markets global, due to the war in Ukraine, the inflationary surge and the launch of increasingly restrictive monetary policies. A very volatile environment also has convinced many companies to say goodbye to the stock market and others to be listed on more competitive markets. There capitalization total of the bag has therefore returned to fall to 626.2 billion eurosequal to 33.9% of GDP and with a 18% drop compared to 769 billion at the end of 2021.

Looking to index performance you register a FTSE MIB index down 12% to 27,347 points as of December 30, which follows the 23% leap recorded in 2021 and the -5.2% accused of the pandemic in the year. In parallel the FTSE All Share index fell to 30 December 12.9% at 29,942 points. A performance in line with that of the other European markets – the Eurostoxx 50 loses over 11% and the Frankfurt Dax just over 12% – which close the worst year since 2018.

It also went worse for the STARthe showcase of companies with specific economic-financial requirements, which closes with a drop of 27.7%and for the FTSE Italia Growthwhich replaced the AIM Italia, which ends down 19.3%.

If you look at the individual titles in the List, on the podium D’Amico (+295.8%), Fope (+139.7%) and Gismondi 1754 (+118.6%). Among the worst Ki Group, Illa and The Lifestyle Group with losses greater than 90%. Among the stocks of the FTSE MIB the best is Tenaris (+79%) and the worst Saipem (-75.73%).

During the year, exchanges in Milan were substantially stablewith a daily average of over 303,000 contracts and a daily countervalue of 2.2 billion euro, while a total of over 76 million contracts were traded and a value of 562 billion. The maximum peak reached by the value was the February 24th (5.3 billion) in conjunction with the Russian invasion of Ukraine, while the maximum in terms of contracts registered on March 7th (854.001).

Intesa Sanpaolo is the most traded share by value (62 billion), while Unicreditit surpasses it in terms of contracts (more than 5.5 million).

Piazza Affari also confirms the European leadership for contracts traded on the MOTthe market for government bonds and bonds, on which they are overall 1418 instruments listed (160 Government Bonds, 45 Bonds and 1213 Eurobonds and ABS). The daily average of contracts is 18,832 contracts for about 642 million of Euro.

They deserve a separate discussion IPOs that have slowed down in 2022: there were 29, of which only 3 on the main market Euronext Milan (Civitanavi, Generalfinance, De Nora) and 26 on the SME market, Euronext Growth Milan (formerly AIM Italia). In 2021, IPOs had reached a record 49. Total funding in 2022 amounted to 1.45 billion

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