Italian stocks finished the session in Milan with a modest gain as sector advances in Travel & Leisure, Utilities and Financials helped lift the index. At the close, the Investing.com Italy 40 was up 0.19%.
The top performers on the index included Unipol Gruppo Finanziario Spa (BIT:UNPI), which gained 4.67% - an increase of 1.02 points to close at 22.84. Mediobanca Banca di Credito Finanziario SpA (BIT:MDBI) also finished strongly, adding 2.97% or 0.72 points to end at 24.93. Bper Banca SpA (BIT:EMII) rose 2.90%, a 0.36 point increase taking the share price to 12.63 in late trade.
On the downside, STMicroelectronics (BIT:STMMI) was the weakest large-cap name, falling 5.94% or 3.88 points to close at 61.47. Prysmian SpA (BIT:PRY) declined 4.24%, a drop of 6.30 points to finish at 142.40, and Tenaris SA (BIT:TENR) lost 3.13% or 0.85 points to close at 26.33.
Across the Milan Stock Exchange, decliners outnumbered advancers by 427 to 308, with 48 stocks unchanged at the close.
Notable price milestones included Unipol Gruppo Finanziario reaching five-year highs after its 4.67% advance, while Mediobanca rose to an all-time high following its 2.97% gain.
Commodities moved lower during the session. Crude oil for July delivery fell 5.20% or 4.75 to settle at $86.55 a barrel. Brent oil for August delivery dropped 4.31% or 4.06 to $90.19 a barrel. The August Gold Futures contract declined 1.57% or 68.48 to trade at $4,294.92 a troy ounce.
In foreign exchange, EUR/USD was reported unchanged at 1.16, a 0.15% move, while EUR/GBP was also essentially flat at 0.86, a 0.17% variation. The US Dollar Index Futures was down 0.16% at 99.86.
Market context and data points
- The Investing.com Italy 40 closed up 0.19%.
- Best performers included UNPI (+4.67%), MDBI (+2.97%) and EMII (+2.90%).
- Largest declines included STMMI (-5.94%), PRY (-4.24%) and TENR (-3.13%).
- Decliners outnumbered advancers 427 to 308, with 48 unchanged.
- Crude oil, Brent and August Gold futures all moved lower in the session.