FTSE MIB Extends Losses

2026-07-16 07:59 By Kyrie Dichosa 1 min. read

The FTSE MIB fell to around 52,200 on Thursday, extending losses from the previous session, weighed down by declines in utility and tech-related stocks.

Oil major Eni fell more than 1% as crude prices eased despite persistent tensions between the US and Iran, while utility stocks such as Snam (-0.8%), Terna (-0.6%), Italgas (-0.6%), and A2A (-0.7%) also traded lower.

Meanwhile, semiconductor firm STMicroelectronics shed 2.6%, while Prysmian lost 1.9%, mirroring weakness among Asian technology peers amid renewed concerns over the sustainability of the AI trade.

Defense contractor Leonardo and aerospace firm Avio also fell 1.1% and 2.5%, respectively.

On the flip side, some financial stocks outperformed, with Mediobanca (+1.4%), Banca Monte dei Paschi di Siena (+0.9%), and UniCredit (+0.5%) posting gains.



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FTSE MIB Dips
The FTSE MIB edged down 0.1% to close at 52,374 on Thursday, as rising market uncertainty kept investor sentiment cautious. Semiconductor-firm STMicroelectronics led the losses, falling 4.8%, followed by Prysmian, down 2.3%, as renewed concerns over whether elevated AI-related investments justify current valuations weighed on the technology sector. Buzzi declined 2.5% amid weaker homebuilding sentiment and heightened economic uncertainty. Financial stocks were mixed as sovereign bond yields continue to rise on elevated tensions in the Middle East, with the BTP-Bund spread rising to 81 basis points. Banca Popolare di Sondrio (BPMS) slipped 1.0% while Unipol gained 1.6%. Fincantieri led gains at 4.2% after the EU allocated €1 billion in funding to strengthen Ukraine's drone capabilities. UniCredit advanced 1.7% after Bank of America reiterated its buy rating ahead of the bank's earnings report to be released next week.
2026-07-16
The FTSE MIB Index Closes 0.07% Lower
The FTSE MIB Index decreased 37 points or 0.07 percent on Thursday to close at 52374 points. The decline was led by STMicroelectronics (-5.03%), Prysmian (-2.92%) and Buzzi Unicem (-2.47%). On the upside, the strongest performers were Fincantieri (4.18%), Assicurazioni Generali (2.24%) and Moncler (1.99%).
2026-07-16
FTSE MIB Extends Losses
The FTSE MIB fell to around 52,200 on Thursday, extending losses from the previous session, weighed down by declines in utility and tech-related stocks. Oil major Eni fell more than 1% as crude prices eased despite persistent tensions between the US and Iran, while utility stocks such as Snam (-0.8%), Terna (-0.6%), Italgas (-0.6%), and A2A (-0.7%) also traded lower. Meanwhile, semiconductor firm STMicroelectronics shed 2.6%, while Prysmian lost 1.9%, mirroring weakness among Asian technology peers amid renewed concerns over the sustainability of the AI trade. Defense contractor Leonardo and aerospace firm Avio also fell 1.1% and 2.5%, respectively. On the flip side, some financial stocks outperformed, with Mediobanca (+1.4%), Banca Monte dei Paschi di Siena (+0.9%), and UniCredit (+0.5%) posting gains.
2026-07-16