FTSE MIB Nears Record High as Enel Surges

2026-02-23 17:48 By Isabela Couto 1 min. read

The FTSE MIB rose 0.5% to 46,699 on Monday, outperforming its European peers on positive corporate developments and some resilience from the heavy-weight financial sector.

Enel surged 6.8% after unveiling a €53 billion 2026–28 investment plan targeting grids, renewables, and customer growth, in addition to announcing a €1 billion share buyback.

Additionally, Moncler added 1.8%, extending the 14% surge in the previous session on continued support from its strong Q4 earnings report posted last week.

Also, Tenaris rose 2.1% after Stifel raised its target price to $57 (from $45) and maintained a Buy rating.

BPM, Unipol, and Generali added close to 1% to consolidate some resilience for the financial sector on a strong session for BTPs, although UniCredit and Intesa Sanpaolo closed marginally below the flatline.

Lastly, industrials were mostly lower as the EU suspended the implementation of its trade deal with the US as President Trump imposed new tariffs on new economic emergency schemes.



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