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Milan bourse continues to slide

Banking sector, Mediaset, FCA and Poste all take tumble

Redazione Ansa

(ANSA) - Milan, February 8 - The Milan stock exchange took a further tumble early Monday afternoon, with its main FTSE Mib index shedding 3% to well under 17,000 points.
    Trading was briefly suspended on several stocks due to excessive volatility, including Unicredit and Intesa banks and private broadcaster Mediaset.
    Carige bank slid 9%, while Fiat Chrysler Automobiles (FCA) and Montepaschi di Siena (MPS), which led the morning's losses, both shed over 7%. UBI Banca lost 6%, Poste Italiane fell by more than 5% and Telecom Italia by over 4%.
    Electricity utility ENEL and insurance company Generali instead held up.
   

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