[SMM Tin News Flash: Energy and Chip Sectors Lead the Gains, Italian Stock Market Hits First New High in 26 Years]

Published: May 26, 2026 09:12

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Italy's benchmark stock index surpassed its all-time closing high set in 2000, with a strong recent rebound in energy and chip sectors providing a powerful boost to its push to record levels. On Monday, the FTSE MIB index rose as much as 1.2% intraday, touching 50,121.2 points and surpassing the previous all-time record set 26 years ago. Following three consecutive years of gains, Italian stocks have risen 11% so far in 2026. As a chip supplier to Tesla and Apple, STMicroelectronics has surged 156% so far in 2026. The rapid buildout of artificial intelligence infrastructure has significantly stimulated demand for optical components capable of transmitting data more efficiently. Meanwhile, as oil and gas prices surged, energy enterprises Saipem Spa and Eni SpA rose 73% and 41% respectively in 2026.

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