Dec. 14 (Bloomberg) -- Italy’s benchmark FTSE MIB Index rose 73.98, or 0.4 percent, to 20,708.58 at the 5:30 p.m. close in Milan.
The following stocks were among the most active in the Italian market today.
Ansaldo STS SpA (STS IM) lost 1.6 percent to 10.55 euros, dropping for the first time in three days. The shares of Finmeccanica SpA’s (FNC IM) railway technology unit fell below their 200-day moving average today.
Danieli SpA (DAN IM) gained 2.7 percent to 24.24 euros, rising for a third day. Mediobanca Securities reiterated an “outperform” rating on Italy’s biggest maker of equipment for the steel industry.
Eni SpA (ENI IM) rose 1.4 percent to 16.56 euros, its seventh consecutive gain and its longest winning streak since February. Jefferies Group Inc. initiated coverage of Italy’s biggest energy company with a “hold” recommendation and a price estimate of 18 euros.
ERG Renew SpA (EGR IM) climbed 30 percent to 95.7 euro cents. ERG SpA offered to buy the 22.6 percent of ERG Renew stock it doesn’t already own for 29.1 million euros, or 97 cents a share, according to a statement distributed by the Italian exchange.
The Italian company plans to delist its renewable unit after the offer.
Gemina SpA (GEM IM) dropped 2 percent to 52.85 euro cents, as CA Cheuvreux cut the owner of Rome’s airports operator to “outperform” from “selected list.”
Intesa Sanpaolo SpA (ISP IM) gained 0.7 percent to 2.21 euros. Fidentiis Equities SV SA initiated coverage of Italy’s second-biggest bank with a “buy” rating and a price estimate of 2.8 euros. The brokerage said in a note that “even in a slow growth environment, Intesa should record annual 3 percent loan and deposits growth.”
Mediaset SpA (MS IM), the broadcaster owned by Italian Prime Minister Silvio Berlusconi, gained 3.3 percent to 4.64 euros after Berlusconi survived a confidence vote as rebel lawmakers failed to muster enough support to topple his government.
RCS MediaGroup SpA (RCS IM), the publisher of Italy’s largest daily newspaper, fell 1.8 percent to 1.08 euros, snapping a four-day increase. Centrobanca SpA reiterated a “sell” rating on the stock.
Terna SpA (TRN IM) increased 1.4 percent to 3.17 euros, rising for a second day. BofA Merrill Lynch Global Research upgraded the operator of Italy’s power grid to “neutral” from “underperform.” The brokerage cited the stock’s recent decline.
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