Milan closes down 0.24% amid U.S. Iran strategy concerns

The Milan stock exchange concluded Monday's trading session with a decline, as its selective index, the FTSE MIB, fell by 0.24% to close at 52,542 points. The overall FTSE Italia All-Share index also saw a slight decrease, dropping 0.23% to 55,145 points.

Trading activity involved approximately 275 million shares, with a total value of about 2.45 billion euros ($2.86 billion). The day's performance was largely shaped by market anticipation regarding the United States' strategy towards Iran and the potential for new sanctions against the country.

Among the day's biggest losers was the multinational electrical equipment company Prysmian, which experienced a significant drop of 5.16%. The automotive giant Stellantis followed with a 4.77% decrease, while aerospace firm Avio saw a 4.73% decline, and defense multinational Leonardo fell by 2.63%.

On the positive side, the payment platform Nexi stood out with a gain of 4.61%. Luxury fashion firm Moncler also performed well, rising 2.44%. Other notable gainers included telecommunications infrastructure company Inwit, which increased by 1.49%, and the bank Unicredit, up 1.32%.