MILAN - Italy's equity market closed higher on Thursday, led by strength in the Technology, Financials and Industrials sectors. At the close in Milan the Investing.com Italy 40 finished up 1.08%.
The session's best performers on the Investing.com Italy 40 included STMicroelectronics (BIT:STMMI), which jumped 7.15% or 4.18 points to finish at 62.65. DiaSorin SpA (BIT:DIAS) climbed 4.45% or 2.96 points to close at 69.54, and UniCredit SpA (BIT:CRDI) rose 2.58% or 2.06 points to end the day at 81.92.
On the downside, Avio SpA (BIT:AVI) fell 3.90% or 1.27 points to trade at 31.32 at the close. Saipem SpA (BIT:SPMI) declined 2.97% or 0.14 points to finish at 4.41, while Fincantieri SpA (BIT:FCT) slipped 2.83% or 0.34 points to 11.68.
Market breadth in Milan favored advancing issues, with 404 stocks rising against 265 that fell, and 54 trading unchanged.
Commodities moved notably during the session. Crude oil for August delivery dropped 2.01% or 1.48 to $72.04 a barrel. Brent oil for September delivery fell 1.99% or 1.55 to $76.47 a barrel. By contrast, the August Gold Futures contract advanced 1.32% or 53.69 to trade at $4,136.09 a troy ounce.
In currency markets, EUR/USD was unchanged 0.20% to 1.14, while EUR/GBP was unchanged 0.01% to 0.85. The US Dollar Index Futures was down 0.10% at 100.66.
The session's price moves were concentrated among a mix of large-cap technology, financial and industrial names, while select industrial and energy-related stocks ended lower. Commodity price changes were mixed, with oil contracts weakening and gold futures strengthening.
This report summarizes closing prices, percentage moves and market breadth for the Milan market on Thursday as recorded at the close.