Stocks in Italy closed higher on Wednesday, with the benchmark Italy 40 index finishing the session up 0.39% in Milan. Advances were driven by strength in the Travel & Leisure, Chemicals and Oil & Gas sectors as market breadth favoured risers over decliners.
The top-performing stock on the Italy 40 was Stellantis NV (BIT:STLAM), which surged 15.38%, gaining 0.57 points to finish at 4.28. Lottomatica Group SpA (BIT:LTMC) and Technoprobe SpA (BIT:TPRO) also advanced, with Lottomatica adding 3.36% to close at 25.50 and Technoprobe up 1.70% to 26.28.
On the downside, Telecom Italia (BIT:TLIT) recorded the largest fall among major names, slipping 1.51% or 0.09 points to end the day at 5.68. Fincantieri SpA (BIT:FCT) dropped 1.18% to 12.51, while Poste Italiane SpA (BIT:PST) declined 1.10% to 24.19.
Market internals showed more rising issues than falling ones at the Milan Stock Exchange, with 398 stocks higher, 332 lower and 35 unchanged at the close.
Commodities and FX
Energy markets contributed to the session’s tone: crude oil for December delivery gained 3.08%, up 3.08 to $102.98 a barrel, while Brent for January delivery rose 2.37%, adding 2.59 to reach $112.00 a barrel. In contrast, the December Gold Futures contract moved lower by 0.50%, down 20.30 to trade at $4,054.30 a troy ounce.
Currency markets saw modest moves. EUR/USD was essentially unchanged, registering a 0.20% move to 1.11, and EUR/GBP showed no material change at 0.84, recorded as unchanged at 0.16%. The US Dollar Index Futures was slightly weaker, down 0.07% to 102.09.
What stood out
- Stellantis posted the single largest percentage gain on the Italy 40, rising 15.38% to close at 4.28.
- Oil benchmarks climbed notably, with both WTI crude and Brent trading higher on the day.
- Market breadth was positive, with more advancing than declining issues on the Milan exchange.
Overall, the session featured selective sector strength alongside mixed individual stock performances, with energy and commodities moves providing a clear backdrop to equity action.