Fiat shares extend gains after Friday rally

MILAN, March 11 Mon Mar 11, 2013 5:15am EDT

MILAN, March 11 (Reuters) - Shares in Italian carmaker Fiat were briefly suspended for excessive gains on Monday morning after a rally on Friday following the signing of a labour contract with trade unions.

At 0906 GMT, Fiat shares were up 1.9 percent at 4.50 euros.

One analyst said the stock was up on Monday after topping a resistance level at 4.30 euros. On Friday the deal with trade unions triggered short covering on the shares.