FTSE MIB Posts First Weekly Loss in Three Weeks

2026-06-26 16:21 By Larissa Caser 1 min. read

The FTSE MIB fell 1% to close at 51,265 on Friday, pressured by AI-related stocks and energy companies.

Energy engineering firm Saipem led the declines, dropping 5% as crude prices extended their retreat, while Eni (-1.3%) and A2A (-0.7%) also came under pressure.

STMicroelectronics slid 4.8% as investors renewed concerns that debt-funded AI investments may shift market focus from growth expectations to monetization, dragging Prysmian down 3.5%.

Banks also weakened, led by FinecoBank (-2.3%), Banca Mediolanum (-2%), Banco BPM (-1.8%), UniCredit (-1.4%), Intesa Sanpaolo (-1.3%), and BPER Banca (-1.2%), with UniCredit warning that elevated market volatility is likely to persist through the summer.

On the upside, defense-related stocks rebounded after recent losses, with Leonardo rising 0.3% and Avio gaining 0.8%.

Ferrari led the gainers with a 3.1% advance, followed by DiaSorin (+2.9%) and Italgas (+1.4%).

For the week, the benchmark index recorded its first weekly loss in three weeks.



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FTSE MIB Posts First Weekly Loss in Three Weeks
The FTSE MIB fell 1% to close at 51,265 on Friday, pressured by AI-related stocks and energy companies. Energy engineering firm Saipem led the declines, dropping 5% as crude prices extended their retreat, while Eni (-1.3%) and A2A (-0.7%) also came under pressure. STMicroelectronics slid 4.8% as investors renewed concerns that debt-funded AI investments may shift market focus from growth expectations to monetization, dragging Prysmian down 3.5%. Banks also weakened, led by FinecoBank (-2.3%), Banca Mediolanum (-2%), Banco BPM (-1.8%), UniCredit (-1.4%), Intesa Sanpaolo (-1.3%), and BPER Banca (-1.2%), with UniCredit warning that elevated market volatility is likely to persist through the summer. On the upside, defense-related stocks rebounded after recent losses, with Leonardo rising 0.3% and Avio gaining 0.8%. Ferrari led the gainers with a 3.1% advance, followed by DiaSorin (+2.9%) and Italgas (+1.4%). For the week, the benchmark index recorded its first weekly loss in three weeks.
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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.
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