Italian stocks closed with broad gains on Tuesday, supported by strength in the Industrials, Technology and Financials sectors. At the market close in Milan the Investing.com Italy 40 index rose 2.34%.
The session's top performer was Prysmian SpA (BIT:PRY), which climbed 10.53% - a rise of 13.30 points - to finish at 139.60. The move took Prysmian to an all-time high at the close. Banks also contributed to the advance, with UniCredit SpA (BIT:CRDI) adding 5.87% or 3.76 points to end the day at 67.82. In the biotechnology / diagnostics segment, DiaSorin SpA (BIT:DIAS) gained 4.03% or 2.40 points, closing at 61.90.
Not all names participated in the rally. Ferrari NV (BIT:RACE) was the session's weakest stock on the Italy 40, slipping 3.95% or 11.50 points to 279.55 at the close. Payments group Nexi SpA (BIT:NEXII) declined 1.68% or 0.07 points to 4.09, and pharmaceutical firm Recordati (BIT:RECI) fell 1.16% or 0.58 points, ending at 49.30.
Market breadth on the Milan Stock Exchange showed more advancing issues than losers, with 439 stocks rising, 317 declining and 52 finishing unchanged.
Commodities and currencies
Energy markets moved lower during the session. Crude oil for June delivery dropped 4.03% - down 4.29 to $102.13 a barrel. Brent for July delivery fell 3.36% or 3.85 to trade at $110.59 a barrel. In contrast, the June Gold Futures contract firmed, rising 0.91% or 41.41 to $4,574.71 a troy ounce.
FX markets were largely flat on the session's close. EUR/USD was unchanged 0.13% to 1.17, while EUR/GBP was unchanged 0.17% to 0.86. The US Dollar Index Futures moved down 0.04% to 98.22.
Context and tools
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This session's tape highlights sector rotations within the Italian market - particularly into industrials and select financial and technology names - while energy contracts softened and gold strengthened.