The value of shares on the
Milan bourse rose 22.7% to 644.23 billion euros in 2017, Borsa
Italiana said Friday - but it has been overtaken by the Zurich
bourse.
The stock value was therefore now equivalent to 37.8% of GDP,
compared to 31.8% last year, it said.
Zurch just shaded Milan in terms of the yearly rise in stock
value, sources said.
The blue-chip FTSE Mib index rose 15.5% over the year and the
FTSE Italia All Share index gained 17.2%.
In 2017 32 IPOs raised a total of 5.4 billion euros, Borsa
Italiana said.
In addition, there were 11 capital hikes that raised a total
of 14 billion euros, it said.
Italy's biggest bank Unicredit was the most traded share amid
a 13-billion-euro recapitalisation that saw 5.5 million shares
change hands for a value of more than 74 billion euros.
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