FTSE MIB Gains for Third Day

2026-10-13 08:02 By Kyrie Dichosa 1 min. read

The FTSE MIB rose for a third straight session to above 50,200 on Tuesday, driven by gains in banking and utility stocks amid softer oil prices and bond yields.

Financials moved mostly higher as investors monitored Italy’s banking consolidation battle.

BPER Banca gained 1.6%, while Monte dei Paschi di Siena rose 1.1%, UniCredit added 1.0% and Intesa Sanpaolo advanced 0.8%, despite MPS reiterating concerns over Intesa’s revised takeover offer.

Poste Italiane climbed 1.2% after Morgan Stanley resumed coverage with an overweight rating.

Utilities also performed well, led by Enel (1.4%), Terna (1.2%) and A2A (1.1%).

On the downside, technology stocks underperformed, with STMicroelectronics falling 3.1%.

Stellantis traded little changed after reporting a 1% year-on-year decline in estimated Q3 shipments.

Investors also monitored the government’s 2027 budget plan, as concerns over projected deficits could complicate Italy’s efforts to exit the EU’s excessive deficit procedure.



News Stream
FTSE MIB Gains for Third Day
The FTSE MIB rose for a third straight session to above 50,200 on Tuesday, driven by gains in banking and utility stocks amid softer oil prices and bond yields. Financials moved mostly higher as investors monitored Italy’s banking consolidation battle. BPER Banca gained 1.6%, while Monte dei Paschi di Siena rose 1.1%, UniCredit added 1.0% and Intesa Sanpaolo advanced 0.8%, despite MPS reiterating concerns over Intesa’s revised takeover offer. Poste Italiane climbed 1.2% after Morgan Stanley resumed coverage with an overweight rating. Utilities also performed well, led by Enel (1.4%), Terna (1.2%) and A2A (1.1%). On the downside, technology stocks underperformed, with STMicroelectronics falling 3.1%. Stellantis traded little changed after reporting a 1% year-on-year decline in estimated Q3 shipments. Investors also monitored the government’s 2027 budget plan, as concerns over projected deficits could complicate Italy’s efforts to exit the EU’s excessive deficit procedure.
2026-10-13
The FTSE MIB Index Closes 0.58% Higher
The FTSE MIB Index rose 289 points or 0.58 percent on Monday to close at 50035 points. Leading the gains are Davide Campari-Milano (2.99%), Avio (2.75%) and Infrastrutture Wire (2.56%). Top losers were STMicroelectronics (-2.17%), Unipol Gruppo (-1.65%) and Amplifon (-1.63%).
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FTSE MIB Extends Gains
The FTSE MIB closed 0.6% higher at 50,035 on Monday, extending gains from the prior session amid gains across sectors. Financials moved mostly higher ahead of further news on Milan's banking game. MPS gained 1.4% ahead of an extraordinary board meeting to review the relaunch of Intesa’s takeover bid last week. BPER (2.2%), Mediobanca (1.3%), Intesa (1.1%) and Generali (1.1%) also gained, while Unicredit traded near the flat line. Inwit climbed 1.8% following reports that its largest shareholders were arranging financing for a potential take-private deal. Luxury stocks also moved higher, with Campari leading the index at 3%. On the downside, Stellantis fell 0.8% as its CEO rejected the idea of separating the group’s European and US brands. The automaker is reviewing its strategy to better allocate spending across its brands, while its shares are down nearly 60% so far this year. Technology stocks underperformed, led by Technoprobe (-2.5%), and STMicroelectronics (-2.1%).
2026-10-12