The FTSE MIB Index Closes 0.27% Lower

The FTSE MIB Index dropped 138 points or 0.27 percent on Thursday to close at 51809 points. Losses were led by Amplifon (-5.03%), Technoprobe (-4.30%) and Stellantis N.V. (-4.09%). Offsetting the fall, top gainers were Italgas (2.06%), Terna Rete Elettrica Nazionale (1.52%) and Buzzi Unicem (1.44%).

Milan’s FTSE MIB closed 0.3% lower at 51,809 on Thursday, halting a three-session advance, as losses in tech, heavyweight financials and utility firms weighed on the index. Technoprobe dropped 4.7% after the chipmaker cut its 2026 revenue outlook. Prysmian fell 1.2%, while Stellantis (-4.3%) extended its losses. Financial and banking stocks also retreated, where MPS and Intesa both shed 0.9% amid debates over Italy's frequent tax hikes on the sector, while the Bank of Italy warns of it effects in investment decisions. On the upside, Eni rose 1.3% as oil prices edged higher. Gas distributors Snam (1.1%) and Italgas (2.2%) also advanced amid higher European gas prices. Terna climbed 1.5%, supported by solid third-quarter results and an 8.1% increase in nine-month revenue. In turn, wholesale utilities A2A and Hera traded lower. Fincantieri fell 1.5% despite its quarterly results beating expectations.

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.