Snam share performance
The Snam share price ended the first half of 2017 at an official price of €3.86, down 1.6% from the official price of €3.92 recorded at the end of 2016. The average value of the shares during the first six months of the year was €3.96.
In January the stock dropped by 11%, falling to €3.53 on 31 January 2017, the lowest value recorded during the first half of the year. It was burdened by forecasts of increases in interest rates and inflation, which led investors to prefer integrated utilities rather than regulated ones.
This fall was more than offset in later months, when the share price reached €4.29 on 10 May 2017, the highest value for the share price in the half-year. This performance was accompanied by both the presentation of the new strategic plan and results for the first quarter which exceeded expectations, as well as the climate of optimism in European stock exchanges and the effects of the accommodating monetary policy. The stock fell in May, mainly as a result of the payment of the dividend.
In June, on the other hand, the sharp drop in the price of oil, the start of Brexit negotiations and the increase in taxes led to further pressure on the stock, which ended the first half-year at a price of €3.86 per share.