Reuters: Global Markets: MPS shares extend gains on capital fix hopes

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

MPS shares extend gains on capital fix hopes Jun 22nd 2012, 13:37 MILAN | Fri Jun 22, 2012 9:37am EDT MILAN (Reuters) - Shares in Italy's third biggest lender, Banca Monte dei Paschi di Siena (BMPS.MI), extended gains to be up 10 percent on Friday, with traders citing hopes a solution would be found to fill the bank's capital deficit without a capital increase. The shares soared 9.6 percent to 0.2235 euros, recovering from steep losses over the past few weeks which drove the stock to a record low of 0.175 on June 14. "The stock was going towards zero, it had been abandoned by everybody, but this has been a good week overall," said a trader. "Now we need to understand how they'll resolve the capital gap. People think that next week, with the presentation of the business plan, there'll be a solution." MPS business plan will be unveiled on June 26.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions