FTSE MIB Scales Fresh Record
2026-02-27 09:19
By
Kyrie Dichosa
1 min. read
The Italian FTSE MIB rose above 47,400 in early trading on Friday, hitting a fresh record and on track for its eighth consecutive monthly gain, the longest winning streak on record.
Gains were led by energy-related industrials, including Eni (+1%) after UBS raised its target price on the stock with a ‘buy’ recommendation.
Prysmian and Saipem also advanced more than 3% each.
Other notable performers included Telecom Italia (+1.8%) and Buzzi Unicem (+2.1%).
On the downside, Mediobanca fell more than 2% after its board met yesterday to continue reviewing and analyzing the proposed merger with Banca Monte Paschi di Siena and the associated share exchange.
Monte Paschi di Siena also declined over 2%.
On the data front, Italy’s industrial sales rose 3.6% year-on-year and 0.5% month-on-month in December.