The Italy 40 index
The Italy 40 is a tradeable market from Capital.com, enabling you to take a position on the price of the 40 most capitalised Italian companies.
Our Italy 40 market represents the Italian stock market index which tracks the performance of the top 40 blue-chip companies listed on the Italian Stock Exchange, or Borsa Italiana. It uses a market capitalisation weighting system, meaning its most capitalised constituent companies appear higher in the index and have more of an influence over the overall index price. However, liquidity, free float and eligibility criteria are some other factors that can determine the order of companies within the list.
As a closely-followed index, the Italy 40 is often seen as a proxy for Italian stock market health and the domestic economy.
Some of the largest companies in the Italy 40 index have included Ferrari, Enel, UniCredit and ENI. Such companies are mainstays at the top of the index, although lesser-capitalised companies are more likely to change position in the index, or even drop out to be replaced by new stocks that have become sufficiently capitalised to join.
To learn more about the Italy 40, you can visit our guide to trading the Italy 40. To trade our Italy 40 market, you can open an account with us – or practise trading the other indices markets on a demo account.
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FAQs
What is the FTSE MIB index?
The Italy 40 is a tradeable market from Capital.com. Its price is based on the performance of the FTSE MIB index, representing the top 40 companies listed on the Italian Stock Exchange.
Capital.com’s Italy 40 index market therefore enables traders to take a position on the performance of the top 40 listed companies in Italy, and by proxy the health of the Italian economy.
What does FTSE MIB stand for?
FTSE MIB stands for ‘Financial Times Stock Exchange Milano Indice di Borsa’ in Italian, which translates to ‘Financial Times Stock Exchange Milan Stock Index’ in English.
How do I trade the Italy 40 index?
You can trade the Italy 40 index with Capital.com using contracts for difference, or CFDs.
CFDs are a financial derivative, which means that they derive their price from an underlying market. Traders can use CFDs to take a position on a market, like the Italy 40, whether its price is moving up or down.
CFDs are a leveraged product, and are complicated. This means that your deposit to open a position (or ‘margin’) is often much smaller than the true size of your position.
While this can enable you to take a position on assets you might not otherwise have access to, it can mean that both gains and losses can be faster and larger than you might anticipate.
Learn about CFD trading, and decide whether trading with this method could be right for you.
What companies are in the Italy 40?
The 40 constituent companies of the Italy 40 are subject to change, but broadly – the Italy 40 index is made up of the top 40 companies listed on the Italian Stock Exchange. Those companies with a higher market capitalisation have more of an effect on the Italy 40’s price than others, as the index is weighted by market cap.
However, the constituent companies of the Italy 40 are chosen by more than just market capitalisation. Factors like liquidity, public float, sector capitalisation and more also play a part.
At the time of writing, some of the largest companies in the Italy 40 include Ferrari, Enel, UniCredit and ENI.
What did the Italy 40 close at today?
To see where the Italy 40 index closed today and on preceding days, please check the live chart in the section above, or by using our platform or app.
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