Business · Markets · 10 hrs ago
Milan stocks rise 0.93% as Leonardo and Cucinelli gain
Milan’s main stock index closed 0.93% higher as shares rose overall.
Leonardo gained 4.7%, while Brunello Cucinelli rose 4.3% and Saipem gained 4.1%.
Banks also rose, even as the Italian government plans to ask the financial sector for €5 billion to support its budget plan.
AI-linked shares fell, with chip-testing company Technoprobe down 5.1%.
TIM shares dropped 1.6% and were linked to a disruption in air traffic control network operator ENAV’s network that seriously affected flights in Italy.
Gains in major companies outweighed losses elsewhere, leaving the index higher at the close.
No further developments were specified.
Milan’s FTSE MIB closed up 0.93%, supported by gains in Leonardo, Brunello Cucinelli and Saipem.
Leonardo rose 4.7%, while Brunello Cucinelli gained 4.3%.
Saipem advanced 4.1%, and Buzzi rose 3.9%.
Technoprobe was the weakest stock, falling 5.1%.
Tim fell 1.6% amid disruption to an ENAV network that had serious impacts on flights in Italy.
- Who
- Milan’s FTSE MIB and companies listed on it.
- What
- The index closed up 0.93%, with Leonardo and Brunello Cucinelli among the leading gainers.
- When
- 16 October 2026.
- Where
- Milan, Italy.
- Why
- Buying in Leonardo, Brunello Cucinelli and other stocks supported the index. The article does not state a specific cause for the overall market rise.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- FTSE MIB
- Closed up 0.93%
- Leonardo
- Rose 4.7%
- Brunello Cucinelli
- Rose 4.3%
- Saipem
- Rose 4.1%
- Technoprobe
- Fell 5.1%
- Date
- 16 October 2026