FTSE MIB closes higher as Eni surges 175 points
Published on 10/23/2026 at 22:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEnergy shares offset softer PMI
- FTSE MIB closed at 48,559 points on October 23, up 175 points or 0.36 percent.
- Eurozone composite PMI fell to 51.9 from 53.1, missing the 52.7 consensus.
- Eni led gainers at 5.8 percent, while Stellantis was the biggest loser at 6.6 percent.
- Germany's Ifo business climate is due Monday, October 26, at 11:00 a.m. CEST.
The FTSE MIB closed at 48,559 points on October 23, up 175 points or 0.36 percent. Energy shares lifted Milan as Brent reached USD 116.18 per barrel, Il Sole 24 Ore reports.
Eni led the advance after stronger quarterly results and a larger buyback. Stellantis fell sharply after HSBC cut its price target and kept a Reduce rating, Il Sole 24 Ore reports.
Why did FTSE MIB rise despite weaker PMI?
The eurozone composite purchasing managers' index (PMI) fell to 51.9 in October from 53.1 in September. It missed the 52.7 consensus and reached its lowest level in four months, MUFG says.
Oil shares offset the softer economic data. Eni reported nine-month net income of EUR 7.60 billion, approved a EUR 0.46 extraordinary dividend and raised its buyback program to EUR 3.8 billion, MarketScreener reports.
Winners and losers in FTSE MIB
Friday's closing rankings came from Trading Economics:
- Eni up 5.8 percent: stronger results and buyback plans supported the shares.
- Tenaris up 4.5 percent: the energy rally lifted oil-service stocks.
- Saipem up 3.9 percent: higher oil prices supported the sector.
- Stellantis down 6.6 percent: HSBC cut its target price and kept a Reduce rating.
- Moncler down 2.7 percent: luxury stocks remained under pressure.
- Brunello Cucinelli down 2.0 percent: selling continued across luxury shares.
Trading value on Piazza Affari reached EUR 3.12 billion. The FTSE MIB fell 2.6 percent over the week, despite Friday's rebound, MarketScreener reports.
What comes next for FTSE MIB
- October 26, 2026, 9:00 a.m. CEST: FTSE MIB trading resumes in Milan, Borsa Italiana shows.
- October 26, 2026, 11:00 a.m. CEST: Germany's October Ifo business climate survey is due, with a 90.1 consensus, MUFG says.
FTSE MIB price data for October 23, 2026
The FTSE MIB closed at 48,559 points on October 23, according to Trading Economics. It gained 175 points, or 0.36 percent, from the October 22 close of 48,384 points.
FTSE MIB by the numbers on October 23, 2026
- Index: FTSE MIB
- Home exchange: Borsa Italiana, Italy
- Close on October 23, 2026: 48,559 points
- Change versus previous close of October 22, 2026: up 175 points (up 0.36 percent)
- Previous close: 48,384 points
- Top gainer: Eni up 5.8 percent
- Top loser: Stellantis down 6.6 percent
- Next scheduled event: October 26, 2026, 11:00 a.m. CEST: Germany's Ifo business climate survey
