Milan bourse value up 22.7% in 2017 but overtaken by Zurich

(ANSA) - Milan, December 29 - 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.