The FTSE MIB Index Closes 0.32% Higher

The FTSE MIB Index rose 157 points or 0.32 percent on Wednesday to close at 49785 points. Leading the gains are Stellantis N.V. (15.61%), Lottomatica (3.00%) and Eni (1.63%). Top losers were Telecom Italia (-1.65%), Davide Campari-Milano (-1.42%) and Fincantieri (-1.42%).

Italy’s FTSE MIB extended gains, closing 0.4% higher at 49,824 on Wednesday, supported by a 15.4% surge in Stellantis after the automaker reaffirmed its 2026 outlook and expressed confidence in its cost-cutting efforts. Meanwhile, Italy approved its 2027 budget bill, which is expected to include contributions from the financial and energy sectors. Energy stocks outperformed amid higher oil prices, with Saipem rising 0.4% and Tenaris gaining 1.3%, while Eni added 1.6% as it continued its buyback program. Banks traded mostly flat, although MPS (-0.7%) and Intesa (-0.5%) fell more sharply after the ECB approved Intesa’s takeover of MPS. The offer document is expected to receive Consob approval early next month. Banca BPM rose 1.3%, while utilities advanced, led by Hera (+0.5%). Technoprobe and Prysmian gained 1.7% and 1.4%, respectively. On the downside, Telecom Italia fell 1.5%, while Campari and Brunello Cucinelli lost 0.7% and 0.8%, respectively.

Milan’s FTSE MIB traded nearly flat at around 49,500 on Wednesday, halting a three-day gain as investors turned cautious ahead of the Federal Reserve’s monetary policy decision later in the day. Domestically, Italian banking consolidation remained in focus after Intesa Sanpaolo received ECB approval to take control of Monte dei Paschi di Siena, clearing a key hurdle for its €32 billion takeover offer. The offer document is expected to receive approval from market regulator Consob early next month. However, Intesa fell 0.5% and MPS lost 0.2%. Investors also assessed corporate earnings, with Stellantis climbing 3.0% after reporting higher third-quarter operating income and reaffirming its full-year guidance. Technoprobe gained 1.6%, while Banco BPM advanced 0.8%. On the downside, Telecom Italia fell 1.4%, while Campari and Brunello Cucinelli lost 1.1% and 1.0%, respectively.