FTSE MIB Rises for Third Session
Milan’s FTSE MIB rose 0.5% to above 52,000 on Wednesday, extending its advance for a third consecutive session and reaching its highest level since late September, as technology stocks led the gains. Technoprobe surged 6.0%, while STMicroelectronics gained 4.1% and Prysmian advanced 2.7%. The strong performance came amid improved sentiment toward the technology sector, following an upbeat outlook from CoreWeave, which has been at the centre of concerns over a potential AI bubble. Meanwhile, Telecom Italia added 2.3% after reporting third-quarter core earnings broadly in line with expectations. Among other gainers, Saipem rose 1.6%, while Unipol and Azimut Holding both advanced 1.5%. Banking stocks were mixed, with UniCredit up 0.5%, while Intesa Sanpaolo slipped 0.7% and Banco BPM lost 0.4%. On the downside, Nexi fell 0.9%, A2A dropped 0.8% and Banca Mediolanum declined 0.8%.
Milan’s FTSE MIB rose 0.5% to above 52,000 on Wednesday, extending its advance for a third consecutive session and reaching its highest level since late September, as technology stocks led the gains. Technoprobe surged 6.0%, while STMicroelectronics gained 4.1% and Prysmian advanced 2.7%. The strong performance came amid improved sentiment toward the technology sector, following an upbeat outlook from CoreWeave, which has been at the centre of concerns over a potential AI bubble. Meanwhile, Telecom Italia added 2.3% after reporting third-quarter core earnings broadly in line with expectations.
Among other gainers, Saipem rose 1.6%, while Unipol and Azimut Holding both advanced 1.5%. Banking stocks were mixed, with UniCredit up 0.5%, while Intesa Sanpaolo slipped 0.7% and Banco BPM lost 0.4%. On the downside, Nexi fell 0.9%, A2A dropped 0.8% and Banca Mediolanum declined 0.8%.