OVS and the repurchase of shares
OVS, the leader in the clothing sector in Italy, recently announced that it had purchased a total of 256,510 common shares as part of its repurchase program. This transaction, carried out between October 11 and 15, represents 0.088% of the company’s share capital.
The average purchase price per share was set at 2.8573 euros, bringing the total investment to 732,937.01 euros.
Valuation strategy for shareholders
With this repurchase, OVS increased the total number of treasury shares held to 46,195,825, equal to 15,8790% of the share capital. This move is part of a larger strategy to optimize capital management and increase shareholder value. Investors are closely watching the decisions of the European Central Bank (ECB) and the Federal Reserve (Fed), waiting for interventions by Christine Lagarde and Jerome Powell, which
could influence the market.
Impact on markets and economic analysis
In the current context, the main American indices, such as the Dow Jones and the Nasdaq, show some stability, while the focus is on companies like Tesla and Trump’s new regulations on autonomous driving. In addition, in the third quarter, Xiaomi recorded a 9.9% increase in net profit, reaching 5.35 billion yuan, thanks to strong sales in the smartphone, Internet services and electric vehicle sectors. Total revenues increased by 30%, exceeding analysts’ forecasts
.
Trend of the trade balance and Asian markets
In September, the Eurozone’s trade balance surplus reached 12.5 billion euros, exceeding expectations. Exports saw a slight increase, while imports fell. However, trade within the euro area declined, while the entire European Union recorded a surplus of 9.6 billion euros. In Asia, the Tokyo Stock Exchange closed lower, influenced by the Fed’s restrictive policies and the collapse of technology stocks, with the Nikkei index losing 1.09% and the Topix 0.73%. The Bank of Japan (BoJ) is preparing for a possible rate hike in December, while Hong Kong shows signs of recovery, with mixed trends in Shenzhen and Shanghai
.