FTSE MIB Rises on Tech and Industry Gains

The FTSE MIB Index went up by 490 points or 1.00 percent on Wednesday to close at 49481 points. The rise was led by STMicroelectronics (9.65%), Recordati (3.77%) and Stellantis N.V. (3.71%). On the downside, the weakerst performers were Nexi (-3.12%), Avio (-1.79%) and Snam (-1.36%).

The FTSE MIB rose 0.9% to close at 49,420 on Wednesday as investors focused on corporate earnings while continuing to monitor developments in the Middle East. Recordati gained 4% after reporting a 22.4% year-over-year increase in first-quarter net income and reaffirming its full-year 2026 guidance. STMicroelectronics surged 9.9%, tracking gains across the broader European semiconductor sector. Other notable performers included Prysmian (+4%), Stellantis (+3.4%), and Tenaris (+2.6%). Meanwhile, Snam fell 1% despite posting strong first-quarter results, while Infrastrutture Wireless lost 1.1% ahead of its earnings release.

The FTSE MIB rose nearly 1% to around 49,400 on Wednesday, recovering losses from the previous session as investors shifted focus back to earnings while continuing to monitor developments in the Middle East. Recordati reported a 22.4% year-on-year increase in first-quarter net income and reaffirmed its full-year 2026 guidance, with the stock rising over 1%. Other notable gainers were industrial stocks, including Prysmian Group (+2.4%), STMicroelectronics (+4.5%), Saipem (+2.9%), and Infrastrutture Wire (+1%). Heavyweight financials also traded mostly higher. On the downside, luxury names such as Moncler (-2.1%) and Brunello Cucinelli (-1.5%) were under pressure.