FTSE MIB Rises as Stellantis Leads Gains, Banking Sector Lags
Milan, Italy – February 24, 2026 – The FTSE MIB Index closed 0.82% higher on Tuesday, driven by strong performance from Stellantis, although the banking sector experienced declines. Broader European markets showed fractional variations.
Market Overview
At 11:35 am local time, the FTSEMib recorded a decline of 0.37% to 46,528 points, fluctuating between 46,383 and 46,673 points. The FTSE Italia All Share lost 0.36%. However, the FTSE Italia Mid Cap and FTSE Italia Star indices saw gains, rising by 0.03% and 0.26% respectively.
Bitcoin traded just above $63,000 (over €53,500). The spread between the BTP (Italian government bond) and Bund (German government bond) widened to over 60 basis points, with the yield on the 10-year BTP remaining below 3.35%. The euro weakened to below $1.18. Gold prices hovered around $2,050, while silver jumped to $28.50.
Stellantis Drives Gains
Stellantis emerged as the top performer on the FTSEMib, increasing by 2.04% to €6.604. This positive movement followed an announcement from ACEA (the European Automobile Manufacturers’ Association) that 799,725 cars were registered in the European Union in January 2026, a decrease of 3.9% Trading Economics. Despite the overall market decline in car registrations, Stellantis bucked the trend, recording a 9.1% increase in registrations with 145,750 cars sold.
Enel Continues Positive Trend
Enel continued its upward trajectory following a strong performance in the previous session, rising 1.54% to €9.849. This increase came after investment banks revised their target price for the electric utility following the presentation of the company’s updated corporate strategies.
Banking Sector Under Pressure
The banking sector experienced negative performance. IntesaSanpaolo declined by 2.01% to €5.745, and BPER Bank fell by 2.42% to €12.105.
Other Notable Movers
Saipem saw a 1.65% increase to €3.452 after announcing a fresh offshore contract in Saudi Arabia valued at approximately $500 million. At the MidCap level, Married rose significantly, increasing by 3.87% to €36.20, following the announcement that its subsidiary, Avio USA, will establish a new plant for solid rocket motor production in Hurt, Virginia.