Italian stocks ended Monday's session slightly weaker as sector-specific losses weighed on the broader market. At the close in Milan, the Investing.com Italy 40 registered a 0.12% decline.
The strongest performers on the index included Avio SpA, which advanced 2.72% to finish at 29.48. DiaSorin SpA rose 2.37% to 69.96, while Saipem SpA added 1.80% to close at 4.25.
On the downside, Buzzi Unicem was the heaviest decliner, sliding 4.84% to 43.48. Stellantis NV fell 2.76% to 4.88, and Nexi SpA dropped 2.20% to 3.46 by the end of trading.
Market breadth on the Milan Stock Exchange showed more falling issues than advancing ones, with 384 stocks declining, 346 rising and 61 unchanged.
Shares of Stellantis reached five-year lows during the session, closing down 2.76% at 4.88.
Commodity markets exhibited notable moves alongside the equity session. U.S. crude for August delivery climbed 2.22% to $70.77 a barrel, while Brent for September delivery rose 1.89% to $73.97 a barrel. By contrast, the August gold futures contract declined 1.38%, trading at $4,039.57 a troy ounce.
Currency and index futures were relatively subdued. The EUR/USD rate was essentially unchanged at 1.14, while EUR/GBP registered a minimal move to 0.86. The U.S. Dollar Index Futures traded lower by 0.24% at 100.88.
Session snapshot
- Investing.com Italy 40 -0.12% at the close in Milan.
- Top gainers: Avio +2.72%, DiaSorin +2.37%, Saipem +1.80%.
- Top losers: Buzzi Unicem -4.84%, Stellantis -2.76%, Nexi -2.20%.
- Market breadth: 384 decliners, 346 advancers, 61 unchanged.
- Commodities: Brent +1.89% to $73.97, U.S. crude +2.22% to $70.77, Gold -1.38% to $4,039.57 per troy ounce.
- FX and futures: EUR/USD ~1.14; EUR/GBP ~0.86; U.S. Dollar Index Futures -0.24% at 100.88.
This session's movements were driven by sector-level weakness in Telecoms, Financials and Travel & Leisure, while energy-related commodities strengthened. The trading day also featured notable individual stock moves, including a multi-year low in Stellantis shares.