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Milan stocks rise 0.44% despite Iran-US tensions
🇵🇾 Paraguay /Economy & Trade

Milan stocks rise 0.44% despite Iran-US tensions

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

Newswire From a news agency Outcome reported
  • Milan's stock market closed higher on Friday, with the FTSE MIB index rising 0.44% to 52,614.17 points.
  • The gains occurred despite escalating tensions between the United States and Iran following a breakdown in the ceasefire.
  • Major gainers included Nexi, Stellantis, and Buzzi, while Eni and Leonardo saw declines.

Milan's stock market concluded the week on an upward trend, with the FTSE MIB index climbing 0.44% to 52,614.17 points. The Italy All-Share index also saw a similar rise of 0.44%, reaching 55,267.66 points.

Trading activity involved nearly 295 million shares valued at 2,974 million euros (approximately $3,401 million). Investors closely monitored developments in the Middle East, particularly the renewed tensions between the United States and Iran after the ceasefire collapsed.

On the positive side, Nexi, a payment network, led the gains with a 6.31% increase. Other notable advancers included automotive giant Stellantis (+3.39%), cement manufacturer Buzzi (+2.51%), hearing aid maker Amplifon (+2.18%), and banks such as Unicredit (+1.28%), Mediobanca (+1.19%), and Intesa Sanpaolo (+1.13%).

Conversely, several companies experienced declines. Aerospace firm Avio fell 1.82%, oil company Eni dropped 1.19%, and cable manufacturer Prysmian was down 1.10%. Laboratories Diasorin slipped 1.04%, Stmicroelectronics lost 1.01%, and defense giant Leonardo decreased by 0.71%.

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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