FTSE MIB Jumps 2.7% to About 51,400 as Banco BPM and UniCredit Lead

Close

The FTSE MIB gained 1,347 points, or 2.69%, to close at about 51,400 on Monday, 9 November, according to Trading Economics. The previous session closed at about 50,053 on Friday, 6 November.

Leaders

Banco BPM rose 10.15%, Prysmian gained 6.34% and UniCredit rose 6.20%. Gains came from heavyweight financial stocks as investors weighed corporate earnings and deal news.

Trader takeaway

Banks drove the move. Check whether the rally holds in the next session, since one-day jumps of this size often see some giveback.

Educational content, not investment advice.