Italy’s FTSE MIB Borsa Italiana Closed Up 23% in 2021

The Italian Blue Chip stock index, the FTSE MIB closed unchanged at 27,346.83 on the last trading day of the year, up 23% for 2021. It was the second sharpest yearly rise since 2009, after falling 5.4% to 22,233 in 2020. The index is well off the nearly eight-year low of 14,153 from the height of the Covid panic.  

 The FTSE MIB closed 2021 at 27,346.83 up 23% on the year in the second steepest yearly increase for the index since its inception in 2009.

The Italian market was boosted by strong performances by the banking, industry, and technology sectors. Investors were reassured after Prime Minister Mario Draghi won EU approval to invest EUR 200 billion of EU recovery funds into the Italian Economy.

Top Italian Stocks in 2021

  • Financial stocks rose 32% on the year, led by UniCredit (77.2%) amid a new CEO, expansion through M&A, and a renewed industrial plan that forecasts a 10% increase in yearly net profits.
  • Industrial stocks rose 25.8%, led by Cnh Industrial (65.4%), from its activity growth and the largely awaited spin-off of its truck-making subsidiary Iveco.

The FTSE MIB steadily erased much of the Covid stock market panic through the year supported by the massive fiscal and monetary policy support through the ECB globally and more recently the roll-out of COVID-19 vaccines and the post-Brexit trade deal. 

How European and UK Largest Caps Fared in 2021

How Global Indices fared in 2021

How Global Indices fared in 2020

From The TradersCommunity News Desk