Italian Stocks Little Changed; Green Power, Fiat, Mediaset, Telecom Move
Italy’s benchmark FTSE MIB Index gained 34.24, or 0.2 percent, to 21,228.98 at the 5:30 p.m. close in Milan.
The following stocks were among the most active in the Italian market today.
Banca Popolare di Milano Scarl (PMI IM) increased 1.3 percent to 3.23 euros. The Milan-based bank isn’t planning a capital increase, General Manager Fiorenzu Dalu told Italian daily Corriere della Sera in an interview.
Enel Green Power SpA (EGPW IM): Enel SpA’s alternative- energy unit dropped 2.5 cents, or 1.6 percent, to 1.57 euros. The company said after the close that third-quarter net income rose 27 percent to 99 million euros. Enel fell 0.7 percent to 4.06 euros.
Fiat SpA (F IM) ended unchanged at 12.78 euros after gaining for the fourth straight day. Chrysler Group LLC, the U.S. automaker run by Fiat, reported an $84 million third- quarter loss that was smaller than analysts estimated as U.S. sales improved faster than its American rivals.
Mediaset SpA (MS IM): Gianfranco Fini, a political ally of Silvio Berlusconi, urged the Italian Prime Minister to resign. The television company controlled by Berlusconi lost 1.7 percent to 5.25 euros.
Telecom Italia SpA (TIT IM) retreated 1.1 percent to 1.025 euros, falling for a fourth day. Credit Suisse downgraded Italy’s biggest phone company to “neutral” from “outperform.”
To contact the editor responsible for this story: Kenneth Wong at firstname.lastname@example.org