Milan Stock Exchange Rises with Moncler and Unipol Leading Gains

Milan’s stock exchange experienced a positive session on Friday, February 20, 2026, driven by strong performances from Moncler and Unipol. The broader European market also showed consolidation in positive territory. Today marked the expiration of February 2026 stock and options futures contracts, adding a technical element to the day’s trading.

Market Performance

By 12:50 pm local time, the FTSEMib index had increased by 1.05% to 46,266 points, fluctuating between a low of 45,803 points and a high of 46,288 points (ANSA). The FTSE Italia All Share index also saw gains, rising 0.97%. The FTSE Italia Mid Cap and FTSE Italia Star indices increased by 0.56% and 0.46% respectively.

Key Stock Movements

Moncler

Moncler was the standout performer of the day, with its stock jumping 12.14% to €56.28 following the release of its 2025 financial results (ANSA). Several investment banks have subsequently revised their target prices upwards for the luxury group.

Unipol

Unipol also experienced significant gains, increasing by 6.09% to €20.63 (ANSA). This rise followed the communication of the insurance company’s preliminary 2025 financial results and confirmation of a management income trend for the current year, aligning with the objectives outlined in its 2025-2027 Strategic Plan.

Other Notable Movers

• Fincantieri: Recovered with a 3.58% increase to €15.04, following losses in the previous session, after completing a €500 million capital increase (ANSA).
• Banco BPM: Gained 2.7% to €12.735.
• Monte dei Paschi di Siena: Increased by 1.81% to €8.678.
• Mediobanca: Rose by 2.35% to €19.35.
• Tenaris: Experienced profit-taking with a 2.51% decrease to €22.52.

Economic Indicators

The spread between Italian BTPs and German Bunds remained stable at 60 basis points, with the yield on the ten-year BTP at 3.35% (ANSA). The euro strengthened, trading above $1.175. Gold prices rose to $5,050, while silver fell below $80.50.

Bitcoin’s value decreased, falling below $68,000 (approximately €57,500).