Italy's stock market finished the trading session higher after the close on Wednesday, with gains concentrated in the Technology, Industrials and Financials sectors.
At the close in Milan, the Investing.com Italy 40 index was up 1.79%.
The session's strongest performers on the Italy 40 included STMicroelectronics (BIT:STMMI), which climbed 6.00% - an increase of 3.13 points - to finish at 55.28 and reached five-year highs. Avio SpA (BIT:AVI) rose 4.16%, or 1.30 points, ending the session at 32.55. Prysmian SpA (BIT:PRY) also posted gains, up 2.78% or 3.90 points to close at 144.40.
On the flip side, the day's laggards included DiaSorin SpA (BIT:DIAS), down 2.78% or 1.94 points to 67.76 at the close. Nexi SpA (BIT:NEXII) lost 2.21% or 0.08 points to finish at 3.41, while Saipem SpA (BIT:SPMI) declined 1.73% or 0.08 points to close at 4.37.
Market breadth in Milan favored advancing names: 433 stocks rose, 287 fell and 53 were unchanged.
Commodity markets registered material moves during the session. Crude oil for July delivery fell 5.52%, or 5.76, to $98.62 a barrel. Brent oil for July delivery decreased 6.19%, or 6.94, landing at $105.16 a barrel. Precious metals also moved, with the June Gold Futures contract down 0.47%, or 21.43, to trade at $4,536.57 a troy ounce.
Foreign exchange and dollar measures showed modest movement. EUR/USD was at 1.16 with a 0.21% change, while EUR/GBP was at 0.86 with a 0.17% change. The US Dollar Index Futures traded lower by 0.11% at 99.00.
Market context
The session was characterized by sector-led gains that lifted the benchmark, sizable declines in oil and selective weakness among individual large-cap names.
Notable stock milestones
STMicroelectronics' rise to 55.28 marked a move to five-year highs for the company and stood out among the day's top performers.