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Milan collapses 2.31% for fear of the expansion of the Chinese coronavirus

Milan collapses 2.31% for fear of the expansion of the Chinese coronavirus


The Milan Stock Exchange closed down on Monday and its selective index FTSE MIB fell 2.31%, to stand at 23,416.13 points, weighed down by the fear of investors to the Coronavirus spread emerged in China.

The general index FTSE Italia-All Share lost 2.32%, to 25,510.26 integers.

During the session, 751 million shares were exchanged for a value of 3,255 million euros.

Of the 433 companies that traded on the Milanese parquet, 45 went up, 365 went down and 23 closed without variation.

The list was immediately dyed red for fear of the virus, which has already caused at least 80 deaths and some 2,744 infected, especially penalizing titles in the automotive sector such as Cnh Industrial, which left a thunderous 6.94% of its value.

The technological Stmicroelectronics (PA: STM ) (5.84%), the fashion companies Salvatore Ferragamo (4.67%) and Moncler (4.04%), the tire manufacturer Pirelli (4.01%), also fell. the cable company Prysmian (4.01%), Finecobank (3.69%) and the cement company Buzzi Unicem (MI: BZU ) (3.00%).

The influential Italian oil sector also ended down: the steel industry for this industry, Tenaris (MI: TENR ), lost 4.88% of its value; while Saipem oil companies (MI: SPMI ) and Eni (MI: ENI ) yielded 2.59% and 2.03%, respectively.

Only four of the forty titles of the selective were saved from burning: the gas company Italgas (MI: IG ) (1.07%), the postal service Poste Italiane (0.52%), Banco Popolare Milano (0.28%) and Ubi Banca (MI: UBI ), which rose a slight 0.04% at the close of the price.

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