MILAN (AFX) - Market data at 9.30 am:
Major indices:
Mibtel 32,111, down 0.02 pct
S&P/Mib 41,679, down 0.08 pct
Main S&P/Mib losers:
-Fondiaria-SAI down 0.96 pct 34.90
-Parmalat down 0.82 pct at 3.27
-Fastweb down 0.79 pct at 41.50 with media reports that it could be one of the companies that may have to partially refund state aid indirectly received from the government's 2004-05 incentive scheme to promote digital television.
-Seat Pagine Gialle down 0.42 pct at 0.47 eur amid reports that auction house Ebay is launching an online market place for Italian real estate, competing with its own service
-Mediolanum down 0.40 pct at 6.18
Main S&P/Mib gainers:
-Fiat up 2.35 pct at 15.34 eur after the UBS upgrade to 'buy' from 'neutral' with the target price raised to 20 eur from 16 eur.
-AEM up 1.5 pct at 2.47
-Luxottica up 1.07 pct at 23.67 after the Deutsche Bank upgrade to 'buy' from 'hold' with the target price raised to 26.5 eur from 26.0 eur
-Lottomatica up 0.94 pct at 33.39
-Alleanza up 0.98 pct at 10.13
Other stocks in the news:
-Mediaset up 0.28 pct at 9.53.
Like Fastweb, it will also have to partially refund the aid indirectly received from the government's 2004-05 digital TV incentive scheme, even if according to media reports the amount will be of a limited nature.
-Popolare di Milano down 0.23 pct at 13.19 as the speculative appeal that the company could be purchased by a larger player eases, with the market looking at a possible merger with Popolare dell'Emilia Romagna. yael.schrage@thomson.com ys/ysc/amb COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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