Italian stocks finished higher after the close on Tuesday, with sector advances in Oil & Gas, Telecoms and Utilities underpinning the market-wide uptick. At the end of trading in Milan the Italy 40 index rose 1.22%.
Among individual large-cap names, Tenaris SA (BIT:TENR) led gains, climbing 3.61% or 0.84 points to close at 24.11. Eni SpA (BIT:ENI) was close behind, adding 3.59% or 0.81 points to finish at 23.34. Stellantis NV (BIT:STLAM) also recorded a notable advance, rising 3.05% or 0.17 points to end the session at 5.88.
On the downside, Amplifon (BIT:AMPF) posted the steepest drop, losing 10.62% or 0.96 points to settle at 8.06 at the close. Fincantieri SpA (BIT:FCT) fell 2.03% or 0.27 points to end at 13.04, while Leonardo SpA (BIT:LDOF) slipped 0.75% or 0.48 points to close at 63.32.
Advancing issues outnumbered decliners on the Milan exchange, with 396 stocks higher, 248 lower and 39 unchanged at the close.
Notable intraday landmarks included Tenaris shares reaching all-time highs, closing up 3.61% at 24.11. Amplifon shares moved to five-year lows after the 10.62% decline to 8.06. Eni shares reached five-year highs, gaining 3.59% to close at 23.34.
Commodities trading showed stronger crude prices. Crude oil for May delivery rose 2.71% or 2.51 to $94.97 a barrel. Brent crude for May delivery gained 2.52% or 2.53 to $102.74 a barrel. In precious metals, the April Gold Futures contract ticked up 0.14% or 7.21 to trade at 5,009.41 a troy ounce.
In foreign exchange, EUR/USD was unchanged 0.20% at 1.15, and EUR/GBP was unchanged 0.01% at 0.86. The US Dollar Index Futures moved lower by 0.10% to 99.37.
These closing figures reflect the session's sector leadership from energy and utilities names, offset by selective weakness in the healthcare-related consumer goods space and defense and shipbuilding contractors.