FTSE MIB Trades Lower
2026-06-26 07:58
By
Kyrie Dichosa
1 min. read
The FTSE MIB fell to around 51,200 on Friday, resuming its decline after a modest gain in the previous session, as renewed selling in technology stocks and persistent concerns over elevated AI-related valuations weighed on broader equity markets.
Semiconductor maker STMicroelectronics lost more than 2%, while Telecom Italia slipped 0.8%.
The broader risk-off mood also pressured financial stocks, including UniCredit (-1%), Intesa Sanpaolo (-1%), Generali (-0.9%), Banco BPM (-1.4%), Mediobanca (-0.9%), BPER Banca (-1.5%), Banca Mediolanum (-1.9%), and Banca Monte dei Paschi di Siena (-1.1%).
Meanwhile, energy stocks also came under pressure as oil prices resumed their decline, with Eni (-1.1%), Saipem (-3.4%), Tenaris (-0.5%), and Snam (-0.3%) trading lower.
For the week, the benchmark index was on track for its first weekly decline in three weeks.