Shares on the Milan exchange closed broadly lower on Thursday, with the Italy 40 sliding 1.21% by the end of trading. Pressure came from a number of sectors, with the Utilities, Travel & Leisure and Technology groups contributing to the downturn.
At the individual stock level, Tenaris SA (BIT:TENR) was the sessions top performer, jumping 9.48% - a rise of 2.00 points - to finish at 23.10. The stock reached all-time highs during the session. DiaSorin SpA (BIT:DIAS) also posted gains, adding 2.01% or 1.36 points to close at 69.10, while Leonardo SpA (BIT:LDOF) advanced 1.89% or 1.10 points to end the day at 59.20.
Not all names fared well. Fincantieri SpA (BIT:FCT) retreated sharply, falling 11.84% or 1.95 points to close at 14.52. Stellantis NV (BIT:STLAM) declined 4.21% or 0.28 points to finish at 6.42, and Enel (BIT:ENEI) slipped 3.59% or 0.33 points to end the session at 8.96.
Market breadth on the Milan Stock Exchange showed more falling issues than rising ones: 410 stocks lost ground, 288 advanced and 60 finished unchanged.
Commodity markets moved higher during the trading day. Crude oil for April delivery rose 2.49% - up 1.62 to $66.67 a barrel. Brent oil for April delivery climbed 2.20% or 1.55 to $71.90 a barrel. Precious metals saw a smaller move, with the April Gold Futures contract increasing 0.13% or 6.75 to trade at 5,016.25 a troy ounce.
On the currency front, EUR/USD was quoted unchanged at 1.18 while EUR/GBP was unchanged at 0.87. The US Dollar Index Futures showed a rise of 0.26%, trading at 97.87.
This session highlighted divergent performance within the Italy 40: a handful of stocks recorded meaningful gains, led by Tenaris reaching new highs, but broader selling across several major sectors pushed the benchmark lower by 1.21% at the close.