Italian Stocks Retreat

2026-11-12 13:59 By Larissa Caser 1 min. read

Milan’s FTSE MIB fell 0.2% to around 51,800 on Thursday, halting a three-session advance, as losses in tech, heavyweight financials and utility firms weighed on the index.

Tech shares came under renewed pressure, with STMicroelectronics (-1.7%) and Prysmian (-1.3%) among the biggest decliners.

Technoprobe dropped more than 5% after the chipmaker cut its 2026 revenue outlook.

Stellantis extended its losses, falling 3%.

Financial and banking stocks also retreated, led by Banca Mediolanum, which shed 0.8%, amid debates over Italy's frequent tax hikes on the sector.

On the upside, ENI gained more than 1.5% as oil prices rose.

Gas distributors Snam and Italgas also advanced amid higher European gas prices.

Terna climbed 1.2%, supported by solid third-quarter results and an 8.1% increase in nine-month revenue.

Meanwhile, wholesale utilities A2A, Hera and Enel traded lower.

Fincantieri tumbled over 4% ahead of its quarterly results.

Investors also awaited quarterly results from Enel.



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Italian Stocks Retreat
Milan’s FTSE MIB fell 0.2% to around 51,800 on Thursday, halting a three-session advance, as losses in tech, heavyweight financials and utility firms weighed on the index. Tech shares came under renewed pressure, with STMicroelectronics (-1.7%) and Prysmian (-1.3%) among the biggest decliners. Technoprobe dropped more than 5% after the chipmaker cut its 2026 revenue outlook. Stellantis extended its losses, falling 3%. Financial and banking stocks also retreated, led by Banca Mediolanum, which shed 0.8%, amid debates over Italy's frequent tax hikes on the sector. On the upside, ENI gained more than 1.5% as oil prices rose. Gas distributors Snam and Italgas also advanced amid higher European gas prices. Terna climbed 1.2%, supported by solid third-quarter results and an 8.1% increase in nine-month revenue. Meanwhile, wholesale utilities A2A, Hera and Enel traded lower. Fincantieri tumbled over 4% ahead of its quarterly results. Investors also awaited quarterly results from Enel.
2026-11-12
Italian Stocks Pause 3-Day Advance
Milan’s FTSE MIB traded nearly flat around 51,900 on Thursday, pausing a three-day advance as gains in energy and utilities stocks offset renewed weakness in technology shares. Eni advanced 0.6%, while Tenaris and Terna gained 0.4% and 0.8%, respectively. Among banks, Banco BPM rose 0.7% as investors monitored its proposed merger with Credit Agricole, while UniCredit added 0.4%. Poste Italiane also gained 0.5% after reporting record nine-month results, with adjusted operating profit rising 6.6% to €2.68 billion and reaffirming its full-year guidance. Meanwhile, technology stocks came under pressure, with Technoprobe tumbling 5.7%, STMicroelectronics losing 2.3% and Prysmian falling 1.7%. Investors also awaited quarterly results from Enel, Terna and Fincantieri.
2026-11-12
The FTSE MIB Index Closes 0.33% Higher
The FTSE MIB Index went up by 168 points or 0.33 percent on Wednesday to close at 51923 points. The rise was led by Technoprobe (7.27%), STMicroelectronics (5.28%) and Prysmian (4.15%). On the downside, the weakerst performers were Stellantis N.V. (-3.39%), Fincantieri (-3.11%) and A2A (-2.48%).
2026-11-11