Technoprobe seen entering FTSE MIB after rally fuelled by AI demand, replacing Hera
MILAN: Italian semiconductor testing company Technoprobe (TPRO.MI) is on course to join Italy’s blue-chip FTSE MIB index at the end of September, traders said on Monday, replacing regional utility Hera and increasing the artificial intelligence component of the benchmark index alongside with STMicroelectronics.
The composition of the FTSE MIB’s 40 companies is reviewed every three months on the basis of their market capitalization and the liquidity of their shares.
The data used for the latest index review was calculated through Aug. 24. Based on those calculations, Technoprobe would represent about 0.55% of the index, while Hera’s weighting would fall to around 0.40%.
