The FTSE Mib index closed lower on Thursday falling 0.27% to 51,809 points as investors reacted to a wave of corporate earnings and uncertainty surrounding global technology stocks.
The index fluctuated between a low of 51,621 points and a high of 52,132 points throughout the session, while the FTSE Italia All Share index lost 0.19%. Conversely, the FTSE Italia Mid Cap and FTSE Italia Star indices saw gains of 0.84% and 0.58% respectively.
Technoprobe shares dropped 4.73% to 22.58 euros after the company released financial data for the first nine months of 2026 and revised its full-year guidance, according to soldionline.it. Milan Finance reported that the company lowered the high end of its consolidated revenue forecast for 2026 to a range between 1.05 and 1.065 billion euros, down from the previous estimate of 1.05 to 1.1 billion euros.
Technoprobe confirmed its Ebitda margin target of 46% to 48% and planned investments of 350 million euros through the first quarter of 2027, with an additional 150 to 200 million euros projected through the end of 2027 to reach a capacity of approximately 2 billion by the end of next year.
Amplifon also faced heavy selling, closing down 5.29% at 11.54 euros, while Stellantis shares retreated 4.33% to 3.5565 euros. In the same sector, Prysmian fell 1.16% to 110.5 euros, and Fincantieri declined 1.53% to 11.915 euros following its own nine-month financial results and revised estimates.
Despite the broader market dip, Poste Italiane shares rose 0.47% to 25.63 euros. The company confirmed its full-year guidance and announced a dividend advance of 0.43 euros, which will be detached on November 23, 2026, soldionline.it stated.
Poste Italiane reported record nine-month revenues of 10.2 billion euros, a 5% increase year-on-year. “We are moving very quickly,” emphasized Poste Italiane CEO Matteo Del Fante. Its consolidated Ebitda reached 376.3 million euros with a margin of 47.8%, marking increases of 158% and 1,650 basis points respectively.
The total value of trades on Piazza Affari fell to 3.62 billion euros, down from 3.78 billion on Wednesday. The Btp-Bund spread fluctuated between 100 and 105 points, with the ten-year Btp yield nearing 4.4%, soldionline.it reported. Earlier in the day, the Treasury placed the maximum amount of 7.25 billion euros in Btp bonds. Bitcoin traded above 71,500 dollars, while gold reached 3,880 dollars and silver surpassed 50 dollars at 17:15. The euro fell to 1.105 dollars. BFF Bank dropped 11.4% to 1.363 euros.
Banco Bpm rose 0.8% as its board met to discuss a potential merger proposal from Credit Agricole. Regarding rumors of a potential divestment of Anima, a Banco Bpm spokesperson stated, “We find the news that Credit Agricole intends or may sell Anima unfounded. And we have no intention of selling it.”.
Meanwhile, the energy sector showed mixed results as the price of crude oil for December 2026 delivery rose to 87 dollars per barrel, with Eni shares gaining 1.07% to 25.47 euros.
Investors remain focused on the stability of major technology firms following the reported governance issues at Nvidia. It remains unclear how the leadership situation at international chip manufacturers will impact long-term valuation for Italian tech-exposed firms as the year-end approaches.
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