Italian equities ended the trading day higher on Wednesday as the Investing.com Italy 40 index rose 2.21% to record a new all-time high in Milan. Strength was concentrated in Travel & Leisure, Industrials and Financials names, which helped lift the benchmark.
Several individual stocks recorded sizable moves. Lottomatica Group SpA (BIT:LTMC) was the top performer, gaining 12.71% - a rise of 3.12 points to close at 27.67. Amplifon (BIT:AMPF) also posted a double-digit advance, up 12.40% or 1.24 points to finish at 11.22. Buzzi Unicem (BIT:BZU) added 5.75%, an increase of 2.64 points to close at 48.53.
Not all components moved higher. Eni SpA (BIT:ENI) was the largest decliner among the more heavily traded names, slipping 4.15% or 1.00 point to end the session at 22.97. Tenaris SA (BIT:TENR) fell 1.99% or 0.54 points to close at 26.54, while Saipem SpA (BIT:SPMI) declined 1.29% or 0.06 points to finish at 4.59.
Market breadth on the Milan Stock Exchange favored advancers: 535 stocks rose versus 318 that fell, while 47 shares finished unchanged.
Commodities saw notable moves during the session. June crude oil futures dropped 6.54% - a fall of $6.69 - to settle at $95.58 a barrel. Brent crude for July delivery fell 6.73% or $7.39 to $102.48 a barrel. In contrast, the June Gold Futures contract advanced 2.75% or $125.65 to trade at $4,694.15 a troy ounce.
Foreign exchange and dollar benchmarks also moved: the euro rose against the dollar, with EUR/USD up 0.49% to 1.17, while EUR/GBP was reported unchanged at 0.20% to 0.86. The US Dollar Index Futures was lower by 0.42% at 97.90.
Below are concise takeaways from the session:
- The Investing.com Italy 40 posted a 2.21% gain, reaching a new record close.
- Top individual performers included LTMC (+12.71%), AMPF (+12.40%) and BZU (+5.75%).
- Major decliners included ENI (-4.15%), TENR (-1.99%) and SPMI (-1.29%).
All data points and price moves in this report reflect the closing levels and percentage changes recorded for the referenced session.