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Italian Stocks: Azimut, Bulgari, Fiat, MPS, Prysmian, Tenaris

April 13 (Bloomberg) -- Italy’s benchmark FTSE MIB Index retreated for the first time in three sessions, falling 96.09, or 0.4 percent, to 23,195.56 in Milan.

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

Azimut Holding SpA (AZM IM) fell 19 cents, or 2 percent, to 9.58 euros as shares of Italy’s largest independent fund manager dropped below their 20-day moving average.

Banca Monte dei Paschi di Siena SpA (BMPS IM) surged 6.2 cents, or 5.6 percent, to 1.16 euros, the biggest gain in 11 months. Equita Sim SpA said in a note that “Italian banks’ fourth-quarter results show a stabilization of the operating environment.”

Separately, Monte dei Paschi General Director Antonio Vigni said in an interview with MF that first-quarter results at the bank’s bancassurance venture are “good.”

Executives from the bank are making presentations to investors in Philadelphia, Boston and Toronto after meeting with investors in New York yesterday and today.

Bulgari SpA (BUL IM), the world’s third-largest jeweler, advanced 9.5 cents, or 1.5 percent, to 6.34 euros, a fourth straight gain as LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, said first-quarter sales rose 11 percent.

Luxottica Group SpA (LUX IM) rose 34 cents, or 1.7 percent, to 20.83 euros.

Fiat SpA (F IM) lost 18 cents, or 1.9 percent, to 9.57 euros, snapping a two-session gain. Fiat brand Chief Executive Officer Lorenzo Sistino said he expects car orders in Italy to fall by more than 10 percent this month. He spoke to reporters in Balocco, Italy today.

Exor SpA (EXO IM), Fiat’s main shareholder, retreated 24 cents, or 1.8 percent, to 13.16 euros.

Prysmian SpA (PRY IM), the world’s second-biggest cable maker, dropped 25 cents, or 1.6 percent, to 15.24 euros, extending losses of 2 percent yesterday as basic-resource producers were the worst performers in Europe.

Saipem SpA (SPM IM), Europe’s largest oilfield-services provider, lost 35 cents, or 1.2 percent, to 29.64 euros. Crude oil declined the most in six weeks as the International Energy Agency boosted its forecast for non-OPEC supplies and U.S. inventories were estimated to climb, raising concern that the markets are oversupplied.

Tenaris SA (TEN IM), the world’s largest maker of seamless pipes used to extract oil and gas, fell for a second day, losing 37 cents, or 2.2 percent, to 16.16 euros.

Telecom Italia SpA (TIT IM) advanced 1.3 cents, or 1.2 percent, to 1.11 euros, the highest since Feb. 22. Chief Executive Officer Franco Bernabe expects growing shareholder payouts from next year, according to a slide presentation posted on the company’s Web site today.

“As we expected the three-year business plan guidance is above consensus,” Deutsche Bank AG said in a note today. Separately, Equita Sim SpA added the phone company to its “main portfolio,” saying in a note that “the strategy target included aggressive goals and the bad news has been already discounted in the third and fourth quarters of 2009.”

Unipol Gruppo Finanziario SpA (UNI IM) gained 1.2 cents, or 1.5 percent, to 84.15 cents, a third consecutive increase after Gruppo Banca Leonardo upgraded the insurer to “underweight” from “sell.”

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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