Italian Stocks: Fiat, Intesa, Lottomatica, Luxottica, STMicro

Italy’s benchmark FTSE MIB Index gained 246.72, or 1.2 percent, to 21,590.86, its highest level in almost three months, at the 5:30 p.m. close in Milan.

The following stocks were among the most active in the Italian market today.

Banco Popolare SC (BP IM) jumped 3.2 percent to 2.42 euros as banking stocks advanced across Europe today after euro-area finance ministers pledged to strengthen the safety net for indebted countries. Intesa Sanpaolo SpA (ISP IM), Italy’s second-biggest lender, surged 2.5 percent to 2.28 euros. UniCredit SpA (UCG IM), the country’s biggest bank, increased 1.8 percent to 1.73 euros. Unione di Banche Italiane ScpA (UBI IM) rose 2.2 percent to 7.13 euros.

Fiat SpA (F IM) dropped 1.8 percent to 7.91 euros, its first loss in three days. Chief Executive Officer Sergio Marchionne reiterated in an interview with la Repubblica that there’s “no way” Fiat will sell its recently spun off industrial-vehicles operations or the Alfa Romeo SpA car unit.

Fiat Industrial SpA (FI IM) gained 2 percent to 10.05 euros, extending a 2.9 percent increase yesterday. Intermonte Sim SpA, which has a “neutral” rating on the company, highlighted in a note continued press speculation regarding a possible sale of truck maker Iveco.

Finmeccanica SpA (FNC IM) added 2.4 percent to 9.37 euros, the highest price in two months. Fidentiis Equities SV SA said in a note there is “good news flow on the order side.” The brokerage also said that the “next supportive news flow could come from the disposal of a minority stake in Ansaldo Energia, expected in the first half of this year.”

Lottomatica SpA (LTO IM) advanced 6.8 percent to 10.08 euros, snapping two days of losses. Equita Sim SpA reiterated its “buy” recommendation on the manager of the Italian government’s lottery game. On Jan. 14, the U.S. state of Illinois rejected Camelot Group Plc and Intralot SA’s attempts to stop a group led by Lottomatica from winning Illinois’s lottery tender.

“This was the last obstacle for the definitive award of the Illinois contract,” Equita said.

Luxottica SpA (LUX IM) ended three days of declines, rising 2.7 percent to 23.49 euros. The owner of the Ray-Ban and Oakley sunglasses brands was upgraded to “buy” from “hold” at Centrobanca SpA, which cited “organic growth coupled with strong operating leverage.”

STMicroelectronics NV (STM IM) gained for a second day, adding 4.3 percent to 9.13 euros. Europe’s largest semiconductor maker had its price estimate lifted to 11 euros from 8 euros at Goldman Sachs Group Inc.

To contact the reporter on this story: Francesca Cinelli in Milan at fcinelli@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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