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
- The German DAX Finished Up for the Third Straight Positive Year up 15.79% for 2021 – TRADERS COMMUNITY
- Spain’s IBEX Worse Performing European Stock Market in 2021, Finished Up 7.9% – TRADERS COMMUNITY
- FTSE 100 Recovers in 2021 To Be up 14.3% After 2020 Annus Horribilis – TRADERS COMMUNITY
- France’s CAC 40 Bourse Lead Europe Higher in 2021 up 29% For the Year – TRADERS COMMUNITY
- The Australian ASX 200 Stock Market Closed Up 13% in 2021 With Lithium Plays Starring – TRADERS COMMUNITY
How Global Indices fared in 2020
- In the U.S. the S&P 500 and Dow closed at record levels at the year end.
- The tech heavy Nasdaq led the charge in 2020 up 43.64%, the largest gain since 2009
- S&P was up 16.26%. Since 2010 the S&P is up 240%, though 57% of the gain in the S&P was from just three stocks Microsoft, Amazon and Apple
- The Dow is closed up 7.25% after being down most tof the year, the DJIA was down over -36% at the March low
- In Europe the best performer was the German DAX which rose +3.6% for the year.
- Spain’s IBEX 30 was an even worse performer than the FTSE 100 down -15.5%.
- Italy’s MIB fell -5.4%,
- The French CAC 40 fell -7.1%
- The British FTSE 100 dumped. -14.3%
- The Australian ASX 200 Stock Market Closed Down 1.5% in 2020
- Japan’s Nikkei gained 16%,
- China’s Shanghai composite rose ripped 14% during 2020.
From The TradersCommunity News Desk