Italy's equity market finished the trading day in negative territory on Thursday, driven by declines in the Telecoms, Technology and Industrials sectors.
At the close in Milan, the Investing.com Italy 40 fell 2.35% to register a new three-month low.
Top movers
- Eni SpA (BIT:ENI) was the session's best performer, climbing 3.75% or 0.87 points to close at 23.93.
- Nexi SpA (BIT:NEXII) advanced 1.91% or 0.05 points to finish at 2.88.
- Saipem SpA (BIT:SPMI) gained 0.86% or 0.03 points to end the day at 3.41.
Largest decliners
- Inwit (BIT:INWT) led losses, plunging 15.60% or 1.27 points to close at 6.90.
- Telecom Italia (BIT:TLIT) dropped 5.70% or 0.04 points to 0.59.
- Ferrari NV (BIT:RACE) fell 5.41% or 15.70 points to 274.30.
Across the Milan Stock Exchange, decliners outnumbered advancers by 498 to 146, while 44 stocks finished unchanged.
Several individual stock milestones were recorded during the session. Shares of Eni rose to five-year highs, increasing 3.75% or 0.87 to 23.93. In contrast, Inwit shares fell to five-year lows after losing 15.60% or 1.27 to 6.90. Ferrari traded down to 52-week lows, declining 5.41% or 15.70 to 274.30.
Commodities and currencies
In commodities trading, crude oil for May delivery climbed 1.50% or 1.43 to $96.89 a barrel. Brent oil for May delivery rose 1.94% or 2.08 to $109.46 a barrel. By contrast, the April Gold Futures contract fell 6.23% or 304.95 to trade at $4,591.25 a troy ounce.
On the currency front, EUR/USD was up 0.77% to 1.15, while EUR/GBP unchanged 0.16% to 0.86. The US Dollar Index Futures was down 0.52% at 99.36.
This session's market action was characterized by widespread selling across several sectors, with notable divergence between energy names that rose and telecom and industrial stocks that slipped.