Monday, May 28, 2007

Italian Stocks Rise, Paced by Monte dei Paschi, Generali, Gemina Shares

(Bloomberg) -- Italian stocks advanced, led by Banca
Monte dei Paschi di Siena SpA. The president of the bank's
largest shareholder told Corriere della Sera yesterday that the
company may chose a ``merger partner'' this summer. Assicurazioni
Generali SpA shares also climbed.

The S&P/MIB Index gained 166, or 0.4 percent, to 43,185 at
10:10 a.m. in Milan. Two stocks rose for each one that fell.
Futures expiring in June rose 151, or 0.4 percent, to 43,265.


Read more at Bloomberg Stocks News

No comments: