- At the top of Intermonte’s ranking of the best-performing stocks over the last month is Fincantieri, the Italian shipbuilding giant, up 21% on the stock market
- Randone (Intermonte): “This complex macroeconomic scenario makes stock markets particularly sensitive to economic policy news, with possible benefits for defensive sectors, energy, and those protected from inflation”
First, there was the trade war launched by Donald Trump less than two weeks after taking office, the medium- to long-term effects of which remain unclear given the ongoing negotiations. Then there was the latest outbreak of tension between Israel and Iran, dubbed the “12-day war.” The strong market movements in the last quarter were “closely linked to trade and geopolitical dynamics,” says Andrea Randone, head of mid-small cap research at Intermonte. At the same time, looking at small and medium-sized companies listed on the Italian stock exchange, he points out that the messages emerging from the first quarter results were “partly reassuring about the resilience of earnings for most companies, despite the context of strong uncertainty that could ease as the outcome of trade negotiations approaches.”
Randone: “We suggest a selective approach”
According to the expert, the complex macroeconomic scenario makes stock markets particularly sensitive to economic policy news, with possible benefits for defensive sectors, energy, and those protected from inflation. “The summer months are traditionally difficult to interpret for the markets,” Randone continues. “We believe that Italian mid caps remain attractive, but we suggest a selective approach, focusing on quality stocks that are leaders in their respective sectors, with valuations supported by realistic growth prospects or solid cash generation.”
The best stocks on the Italian stock exchange in June 2025
Scratching beneath the surface, there are those who continue to race ahead despite the uncertain scenario. As highlighted in the chart below, at the top of Intermonte’s ranking of the best-performing stocks over the last month is Fincantieri, the shipbuilding giant, up 21%. The podium for the best mid and small caps on the Italian stock exchange also includes Cyberoo, a company specializing in advanced cyber security solutions, which gained 15% in the last month, and Banca Sistema, specializing in factoring and banking services for businesses and individuals, up 13%. They are followed by Antares Vision and Cy4gate (+12%), Carel Industries, Reway Group, Avio and Iren (+10%), Seri Industrial (+9%), Gpi and Maire (+8%), Elica, Aquafil, Somec and Erg (+6%) and finally Revo Insurance, El.En, Ieg and Seco (+5%).
On the opposite side, the worst performers in the last month were Sys-Dat, active in the field of IT organizational solutions for companies, and Geox, a manufacturer of shoes and breathable clothing. Both recorded a 14% decline, followed by Esprinet, an Italian company active in the wholesale distribution of technology products, with -13%.
Stocks: the best performers since the beginning of the year
Analyzing the figures since the beginning of the year, Intermonte shows that Fincantieri is once again in first place with a triple-digit performance of +110%. Another case is that of Lottomatica, which recorded a performance of +83%, followed by Avio and Dovalue with +52%. Beating the FTSE MIB, which recorded a performance of +17% year to date, are also Antares Vision (+43%), Iren (+43%), Banca Sistema (+42%), IEG (+39%), Maire, Cementir and Tinexta (+34%), Seco (+28%), Reway Group and Sesa (+27%), Revo Insurance (+26%), Webuild (+22%), Carel Industries (+21%), Igd (+19%) and Somec (+18%).
Geox, on the other hand, tops the list of worst performers since the beginning of the year, with a decline of -40%, followed by Misitano & Stracuzzi with -27% and Cyberoo with -26%. “In this context, the National Strategic Fund – expected to be launched by the end of the year with an initial commitment of between €700 million and €1 billion (49% from the fund itself and 51% from private investors) – could be a positive catalyst for the segment,” Randone said. He concludes: “Managers will have full discretion over allocations, provided that at least 70% of the capital is invested in companies listed outside the FTSE MIB, excluding financial stocks.”
