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Milan stock exchange gains 0.44% amid earnings reports and Hormuz developments
🇵🇾 Paraguay /Economy & Trade

Milan stock exchange gains 0.44% amid earnings reports and Hormuz developments

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News From a news agency Outcome reported
  • The Milan stock exchange's FTSE MIB index rose 0.44% to 53,682.72 points on Thursday.
  • Trading volume was moderate, with 411 million shares exchanged for approximately 4.19 billion euros.
  • Key gainers included aerospace company Avio, Banco Bpm, and Inwit, while Tenaris saw the largest decline.

The Milan stock exchange closed on a positive note Thursday, with its selective FTSE MIB index climbing 0.44% to reach 53,682.72 points. The session experienced some volatility, typical of earnings season, while investors also monitored reactions to the Iran-Oman agreement concerning the Strait of Hormuz.

The broader FTSE Italia All-Share index also saw gains, rising 0.45% to 56,371 points. Throughout the day, approximately 411 million shares changed hands, with a total value of around 4.19 billion euros (approximately $4.83 billion).

Leading the day's gains was aerospace company Avio, which surged 5.67%. Banco Bpm followed with a 3.93% increase, alongside technology firm Inwit (+2.38%) and defense sector group Leonardo (+2%). Conversely, Tenaris experienced the most significant drop, falling 7.08%. Other companies that closed in negative territory included Buzzi (-1.26%), Lottomatica Group (-1.07%), and Unipol (-0.83%).

DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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