FTSE MIB Hits Highest Level in 25 Years

2026-01-02 08:43 By Kyrie Dichosa 1 min. read

The FTSE MIB rose 0.5% to above 45,100 in the first trading day of 2026, hitting its highest level in more than two decades and extending its bullish run from a banner year.

Heavyweight financials helped push the benchmark higher, led by Banca Monte dei Paschi di Siena, which climbed nearly 3%, and Mediobanca, up more than 2%, while Unicredit added 0.4%.

Chip-related stocks, including Prysmian, STMicroelectronics, and Telecom Italia, rose between 0.9% and 1.5%, tracking renewed global chip and AI enthusiasm.

Other notable performers included defense stock Leonardo, up more than 2.5% amid ongoing uncertainty over the Ukraine-Russia peace deal.

Moncler also added 1.6%, Stellantis rose 1.1%, and Saipem gained 1.7%.

On the data front, fresh PMI figures showed that Italy’s manufacturing unexpectedly contracted at a faster pace, marking the steepest decline since March.



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