Italian Market Update: Amplifon Declines Amidst Banking and Oil Sector Gains

Milan’s stock market showed positive momentum on Tuesday, March 17, 2026, driven by gains in the banking and oil sectors. However, Amplifon experienced a significant downturn, continuing a correction from the previous session.

Market Overview

The FTSE Mib index rose 1.22% to close at 44,888 points, fluctuating between 44,204 and 45,129 points throughout the day. The FTSE Italia All Share gained 1.11%, while the FTSE Italia Mid Cap decreased by 0.06%, and the FTSE Italia Star lost 1.76%. Total trading volume reached €3.35 billion, up from €3.17 billion on Monday.

Bitcoin and Currency Markets

As of 5:25 PM, Bitcoin was trading above $74,000 (approximately €64,500). The spread between the BTP (Italian government bond) and Bund (German government bond) narrowed to below 75 basis points, with the yield on the 10-year BTP exceeding 3.65%. The Euro consolidated above $1.15.

Sector Performance

Banking Sector Rises

Banking stocks led the gains, with UniCredit closing up 0.47% at €64.14. Monte dei Paschi di Siena saw a more substantial increase of 2.06% to €7.218, and Mediobanca rose 2.21% to €15.985.

Oil Sector Gains

The oil sector also performed well, boosted by a rise in crude oil prices. Brent crude (April 2026 contract) reached $95 a barrel, with an intraday high of $98.50. ENI increased by 3.59% to €23.345, and Tenaris gained 3.61% to €24.11.

Amplifon Faces Selling Pressure

Amplifon experienced significant selling pressure, with its stock declining 10.6% to €8.06. This follows a correction in the previous trading session.

Other Notable Movements

A2A rose 0.66% to €2.441 following the release of its 2025 financial results and financial guidance for the current year. Enel also saw gains, increasing by 2.74% to €9.916.

The Italian Sea Group experienced volatility, ending the session with a 2.05% decline to €1.05 after a previous correction.