Dec. 29 (Bloomberg) -- Italy’s benchmark FTSE MIB Index rose for the first time this week, gaining 22.53, or 0.1 percent, to 20,471.01 at 5:30 p.m. in Milan.
The following stocks were among the most active in the Italian market today.
Arkimedica SpA (AKM IM) jumped 9.2 percent to 47 cents, the biggest gain in more than three weeks. The company said in a statement that it sold a residence for social assistance near Turin for 7.4 million euros ($9.7 million).
Buzzi Unicem SpA (BZU IM), Italy’s second-biggest cement maker, advanced 2.1 percent to 8.805 euros as construction stocks were the best performers in Europe today, led by Skanska AB after the Nordic region’s biggest builder sold a stake in a Chilean venture.
Fiat SpA (F IM) fell 1.5 percent to 14.99 euros. The Italian carmaker and unions reached a final agreement for the Pomigliano car plant that clears the way for investments at the site that will produce Panda models, labor officials said.
The Fismic, Fim, Uilm, Uglm and Associazione Quadri unions signed agreements that will allow 5,600 employees to be hired in January at the factory near Naples.
Fondiaria-SAI SpA (FSA IM) climbed 2.6 percent to 6.45 euros, the first gain this week. CA Cheuvreux reiterated an “outperform” recommendation on Italy’s second-biggest insurer, saying in a note today that the company “declared that the healthy motor tariff increase reported in 2010 should go on also in 2011.” The brokerage cited a meeting with Fondiaria.
Premafin Finanziaria SpA (PF IM), which controls Fondiaria-Sai, gained 4.8 percent to 77.45 euro cents amid speculation a debt refinancing agreement with banks will be reached.
Mediaset SpA (MS IM) increased 1.1 percent to 4.56 euros, rising for a second day. Banca Akros reiterated a “buy” rating on Mediaset and Gestevision Telecinco SA, saying in a note that “integrating Cuatro will reinforce Telecinco’s leading position and power to set prices as well as offer greater restructuring potential.”
Prysmian SpA (PRY IM), the world’s second-biggest cable maker, gained 1.5 percent to 12.80 euros, ending a two-day loss. Copper jumped to a record on the London Metal Exchange, catching up with gains in other metals markets as trading resumed today after a two-day holiday.
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