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Milan bourse bounces

MPS gains over 8% after return to profit

Redazione Ansa

(ANSA) - Milan, January 29 - The Milan stock exchange bounced back in early trading on Friday, regaining some of Thursday's big losses. The benchmark FTSE Mib index, which shed 3. 49% on Thursday, climbed 1.8%. The gains were spearheaded by bank stocks, which took much of the pounding earlier in the week. Troubled lender Monte dei Paschi di Siena was up over 8% after it presented financial results showing a return to profit after five years on Thursday. Banco Popolare and BPM, which are poised for a merger, were up 8.59% and 4.4% respectively.
   

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