(Finance) – Bad day for MPS Bank, which loses appeal and marks a drop of 2.21% on the Stock Exchange. The MEF has shown that it is in no hurry to sell the Sienese Institute. “We will solve it calmly, but without letting anyone dictate the times, let alone haste, specified the Minister of Economy Giancarlo Giorgetti from Cernobbio.
Even the Undersecretary for the Economy Federico Freni, present at the Ambrosetti Forum, confirmed that ” Haste is not a good adviser. Especially in these events”, rectifying the expectations of an imminent sale of the Tuscan bank, fueled by some previous statements by Deputy Prime Minister Antonio Tajani regarding possible asset sales. “When the government deems the time ripe for the sale of MPS – he underlined – will certainly begin to evaluate the transfer process. The maturation of these times does not depend only on the will of the government, but on exogenous factors such as the performance of the Stock Exchange, the markets, the MPS share and the banking system”.
The technical scenario seen in one week of the title compared to the index FTSEMIBhighlights a slowdown in the trend ofRocca Salimbeni institute compared to main index of the Milan Stock Exchangemaking the stock a potential target for investors to sell.
The technical framework of Monte Paschi suggests an extension of the bearish line towards the floor at 2.433 Euros with the ceiling represented by the 2.55 area. Forecasts are for a prolongation of the negative phase to test new lows identified at 2.388.