FTSE MIB (formerly S & P / MIB ) is an Italian leading index of 40 leading Italian joint stock companies, which are traded on the Milan Stock Exchange. FTSE MIB stands for Financial Times Stock Exchange and Borsa Italia Milano. This is in contrast to the DAX by a price index, dividends, are not included in the index. The FTSE MIB ( by 2009 S & P / MIB ) triggered on 3 November 2003 the MIB 30 (until 1994 COMIT 30) Italian leading index from.


The FTSE MIB index comprises the 40 most important Italian companies and covers almost 80 percent of domestic market capitalization. The company must be financially capable of acting To be included in the index have high liquidity, on the Italian Stock Exchange ( Borsa Italiana ) and listed at least 30 percent free float. The selection is made based on a so-called Industry Classification Benchmark ( ICB).

The index is not adjusted for dividend payments. Corporate actions such as stock splits have no ( distorting ) influence on the index. The weighting is based on the market capitalization of the companies listed. A review of the composition of the FTSE MIB is carried out regularly in March and September. The calculation is updated every 15 seconds during trading hours 9:00 to 17:30 CET. Another Milan index is the FTSE Italia All-Share (formerly MIB telematico, also called MIBTEL ), which includes all Italian shares.


Name Changes

The Italian blue-chip index was launched on 31 December 1992 under the name COMIT 30 with a base value of 100 points.

On 17 October 1994, the Borsa Italiana took over the rights to the COMIT 30 of the Banca Commerciale Italiana (now Sanpaolo IMI) and called the index in MIB to 30. The base value of 1992 was set at 10,000 points. The Index Selection was based on a so-called " indicator of liquidity and capitalization " (ILC ), which was determined from the trading liquidity and market capitalization. A re-evaluation was carried out twice a year.

On 2 June 2003 the Italian Stock Exchange in Milan led in collaboration with Standard & Poor's from the 40 values ​​of existing S & P / MIB a calculated parallel to the established values ​​of the 30 existing MIB 30 for a trial period of five months.

On 3 November 2003, the S & P / MIB MIB replaced the 30 as the Italian leading index from whose calculation was set on May 29, 2009. Both indices have been on 31 October 2003 synchronized to the value of 25 973 points in order to ensure a smooth transition of trading in futures and options on the new leading index.

On June 1, 2009 Standard & Poor's joined from the index to the FTSE Group, which is owned 50 percent of the London Stock Exchange Group and at the same time is the parent company of Borsa Italiana. Since then, the FTSE MIB called to reflect this change.

Index development

On 2 January 1998, the MIB ended trading for the first time above the limit of 25,000 points and on 2 March 2000 for the first time above the 50,000 -point mark. On 6 March 2000, the index closed at 51 093 points at an all time high. After the bursting of the speculative bubble in the technology sector ( dot-com bubble ), the index fell to a low of 20,539 points to 12 March 2003. That was a decline since March 2000 by 59.4 percent. March 12, 2003 marks the end of the descent. As of spring 2003, the MIB began to rise again. Until 18 May 2007, the stock index rose to a closing level of 44 364 points.

In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the MIB began to fall again. On 20 June 2008, he graduated with 29 854 points again below the limit of 30,000 points. During the crisis, the volatility of the index rose. On 6 October 2008, the MIB suffered with 8.24 percent the biggest one-day loss in history and on 13 October 2008 generated the stock index with 11.49 percent, the highest daily gain. On 24 October 2008, he graduated with 19.900 points below the 20,000 -point mark. A new low was achieved by the MIB on March 9, 2009, when he finished trading with 12620.57 points. Since May 18, 2007, this represents a decrease of 71.6 percent.

The second highest price increase experienced the MIB on May 10, 2010 ( 11.28 per cent ) as a result of the Decision establishing the European Stability Mechanism. The March 9, 2009 marked the turning point of the descent. From the spring of 2009, the index was back on the way up. By 19 October 2009, he rose by 67.9 percent to a closing level of 24425.98 points.

The euro crisis from 2010 and the slowdown of the global economy in 2011 led to a fall in the FTSE MIB. On September 12, 2011, the index ended the day at 13474.14 points. The loss since October 19, 2009 is 42.8 percent. A recovery of prices led to gains in the stock market. On 19 March 2012, the stock market barometer closed higher than six months ago at 17133.42 points, up by 27.2 percent. On 24 July 2012, the Italian blue-chip index ended the day at 12362.51 points, its lowest level since 23 November 1993. Loss since its peak March 19, 2012 is 27.8 percent, since the all-time high on March 6, 2000 at 75.8 percent.

The announcement of new bond purchase programs of the European Central Bank and the U.S. Federal Reserve in principle unlimited extent led to a recovery of prices in the stock market. The monetary stimulus played a greater role in price formation, as the shrinkage of the Italian economy and the situation of the company. On January 11, 2013, the FTSE MIB closed at 17502.39 points, up by 41.6 per cent as on 24 July 2012.


The overview shows the all-time highs of the MIB.


The table shows the milestones since 1992.

The best days

The table shows the best days since 1992.

The worst day

The table shows the worst days since 1992.

Annual development

The table shows the development of the COMIT 30 (1992-1993), the MIB 30 (1994-2002), the S & P / MIB (2003-2008) and the FTSE MIB ( since 2009).


The FTSE MIB consists of the following companies (as of February 11, 2014).