Home » Latest News » Business » Italian Stock Update: Stellantis & Enel Rise, Banks Fall | October 19, 2023

Italian Stock Update: Stellantis & Enel Rise, Banks Fall | October 19, 2023

by Michael Brown - Business Editor
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Italian stock indices and major European financial markets are experiencing fractional changes.

As of 11:35 AM CET, the FTSEMib was down 0.37% at 46,528 points, fluctuating between a low of 46,383 points and a high of 46,673 points. The FTSE Italia All Share also decreased by 0.36% at the same time. Conversely, the FTSE Italia Mid Cap rose by 0.03%, and the FTSE Italia Star gained 0.26%.

Bitcoin is currently valued just above $63,000 (over €53,500).

The spread Btp-Bund has risen above 60 basis points, with the yield on the 10-year BTP remaining below 3.35%.

The euro has fallen below $1.18.

The price of gold is fluctuating around $2,000, whereas silver has jumped to $88.50.

 

Stellantis is leading gains on the FTSEMib today, rising 2.04% to €6.604. The company’s performance follows a report from ACEA, the European automobile manufacturers’ association, indicating 799,725 vehicle registrations across the European Union in January 2026 – a 3.9% decrease. Still, Stellantis bucked the trend, increasing its sales by 9.1% in January 2026, with 145,750 vehicles sold. This positive sales data suggests Stellantis is gaining market share despite the broader industry slowdown.

 

Enel continues its positive trend following a significant increase in the previous trading session, rising 1.54% to €9.849. Several investment banks have revised their price targets for Enel after the company presented an update to its corporate strategy.

 

Stocks in the banking sector are experiencing negative performance.

IntesaSanpaolo is down 2.01% at €5.745. BPER Banca is also down, falling 2.42% to €12.105.

 

Saipem rose 1.65% to €3.452 after announcing it secured a fresh offshore contract in Saudi Arabia valued at approximately $500 million. The contract win signals continued demand for Saipem’s engineering services in the Middle East.

 

Among MidCap stocks, AVIO is up 3.87% to €36.20. The company announced that its subsidiary, Avio USA, will locate a new solid propellant engine production facility in Hurt, Pittsylvania County, Virginia.

 

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