(Alliance News) - Major European stock markets tacked upward in mid-day trading Tuesday after a pessimistic opening that had seen major indexes in the red, including Piazza Affari.

Thus, the FTSE Mib, is now in the green by 0.2 percent to 28,004.39, the Mid-Cap picks up 0.1 percent to 45,181.79, the Small-Cap advances with 0.3 percent to 30,631.64, while Italy Growth rises 0.1 percent to 30,631.64.

In Europe, London's FTSE 100 is in the green by 0.3 percent, Paris' CAC 40 advances with 0.2 percent while Frankfurt's DAX 40 is up 0.3 percent.

On the main list, Banca Mediolanum is up 1.6 percent after reporting Tuesday that it recorded net inflows of EUR1.46 billion in February, bringing its total for the first two months of 2023 to EUR2.15 billion.

Net inflows from asset management are EUR526 million, bringing the total since the beginning of the year to EUR1.01 billion, while new loans disbursed in February amounted to EUR266 million, bringing the cumulative to EUR498 million. Protection policy premiums rose to EUR14 million in February from EUR13 million in January.

Nexi, which had opened on top with 2.9 percent, now gives up 1.1 percent and ranks at the bottom after approving on Monday its consolidated financial results as of December 31, 2022, reporting revenues of EUR3.26 billion and up 7.1 percent from EUR1.61 billion in 2021.

Net income amounted to EUR693.2 million up 15 percent from EUR602.4 million in 2021.

At the top now is Amplifon, up 2.6 percent.

Banco BPM - down 0.4 percent - reported that it purchased 2.4 million of its own ordinary shares between Feb. 28 and March 6.

The shares were taken over at an average unit price of EUR4.13, for a total value of about EUR10.0 million.

Intesa Sanpaolo is in the red by 0.4 percent after reporting Monday that it purchased 63.6 million of its own ordinary shares between Feb. 27 and March 3.

The shares were taken over at an average unit price of EUR2.5455, for a total value of EUR162.0 million.

On the Mid-Cap, Anima Holding - flat at EUR4.12 - reported Monday that net inflows from assets under management in February 2023 were positive at EUR383 million, with a negative asset management component of EUR90 million and one related to class I insurance proxies positive at EUR373 million.

CIR gives up 0.7 percent after reporting Monday that it purchased 1.2 million of its own ordinary shares between February 27 and March 3.

The shares were taken over at an average unit price of EUR0.4324, for a total value of EUR521,206.19.

At the highs are now Ariston Holding and Salcef Group, up 2.4 percent and 2.5 percent.

On the Small-Cap, TXT e-solutions - in the green by 1.8 percent - announced on Monday that it had won lot 2 of the open-tender tender for the provision of cloud application services and demand and pmo services for central public administrations.

Fiera Milano -- up 0.7 percent -- will enter the capital of Fiere di Parma through a reserved capital increase, the Milan-based company announced Tuesday.

Fiere di Parma's shareholders' meeting will be called to approve a capital increase having as its object 576,587 ordinary shares, with a total value of EUR16.5 million, equal to about 19% of Fiere di Parma's share capital, reserved for subscription by Fiera Milano and to be released through the contribution in kind of the TuttoFood business unit.

At the top is Mondo Tv, up 6.9 percent, followed by Piquadro, in the green by 6.7 percent but halted due to excess volatility. The company announced Monday that it bought 12,228 shares between Feb. 27 and March 3, 2023.

The shares were taken over at an average price of EUR1.7902 for a total value of EUR21,890.90.

PLC gives up 0.7 percent. The company reported that PLC System, a group company, has signed a contract with Cantieri Italiani Srl for the turnkey construction of a utility substation-including supplies related to high and medium voltage cable ducts and the construction of the sorting cabins-serviced by two photovoltaic plants located in Augusta, Syracuse province, with a capacity of more than 100 MW.

GPI gives up 0.8 percent. The company announced Monday that the temporary grouping of companies it leads has won the tender aimed at implementing telemedicine processes in Friuli Venezia Giulia.

The four-year contract is worth about EUR2.1 million, with GPI's share being about EUR1 million, and involves the delivery of a telemedicine software platform capable of responding to citizens' care needs by involving doctors and other healthcare personnel throughout the Friuli Venezia Giulia regional territory.

Among the SMEs, the board of Health Italia - down 3.6 percent - on Monday reviewed consolidated revenues as of December 31, 2022, which came in at EUR42.5 million, up 4.8 percent from EUR40.5 million in the same period last year.

TMP Group is flat at EUR10.20 per share. The company said Monday that the board of directors reviewed the unaudited consolidated value of production as of December 31, 2022, which was EUR6.5 million, up 14 percent from EUR5.7 million pro forma in 2021.

ESI worsens and gives up 9.5 percent after announcing Monday that its board of directors has approved a capital increase for a total maximum amount of EUR3.5 million by issuing ordinary shares to be offered under option to shareholders.

In New York overnight Europe, the Dow rose 0.1 percent to 33,431.44, the Nasdaq gave up 0.1 percent to 11,675.74, and the S&P 500 closed in the green 0.1 percent to 4,048.42.

Among currencies, the euro changed hands at USD1.0664 versus USD1.0677 at Monday's close. In contrast, the pound is worth USD1.2010 from USD1.2031 on Monday evening.

Among commodities, Brent crude is worth USD86.45 per barrel versus USD85.93 per barrel on Monday evening. Gold, on the other hand, trades at USD1,847.34 an ounce from USD1,850.70 an ounce at Monday's close.

On Tuesday's calendar, at 1600 CET, there will be a congressional hearing of Federal Reserve Governor Jerome Powell, while at 2230 CET weekly oil stocks data will be due.

By Chiara Bruschi, Alliance News reporter

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