Italy's equity market ended the trading day in positive territory on Tuesday, with the country’s primary index advancing and reaching a new all-time high. The session's upside was driven by strength in the Technology, Industrials and Travel & Leisure sectors, which together underpinned broader gains at the close in Milan.
At the close in Milan, the Italy 40 index rose 1.64% to record its highest level to date. The session produced notable individual share moves across both large-cap technology and industrial names.
The top performer on the index was STMicroelectronics (BIT:STMMI), which surged 15.11% - a rise of 8.96 points - to finish the day at 68.26. Prysmian SpA (BIT:PRY) also contributed to the advance, adding 3.58% or 5.35 points to end at 154.65, while Saipem SpA (BIT:SPMI) gained 2.24% or 0.10 points to close at 4.33.
Not all constituents participated in the rally. The session's laggards included Avio SpA (BIT:AVI), down 2.94% or 1.16 points to 38.27 at the close. Shipbuilder and naval systems group Fincantieri SpA (BIT:FCT) slipped 2.68% or 0.31 points to finish at 11.06, and vaccine firm DiaSorin SpA (BIT:DIAS) ended the day 1.67% lower, losing 1.12 points to 65.82.
The overall breadth was narrowly positive: rising issues outnumbered decliners by 370 to 365, while 44 stocks finished unchanged on the Milan bourse.
Market extremes were evident in individual names. STMicroelectronics climbed to five-year highs with its 15.11% advance, while Fincantieri's decline took its shares to 52-week lows after the 2.68% fall.
Commodities moved higher during the session. Crude oil for July delivery increased 0.89% or 0.82 to trade at $92.98 a barrel. Brent oil for August delivery rose 0.69% or 0.66 to $95.64 a barrel. The August Gold Futures contract advanced 0.47% or 21.35 to trade at $4,527.65 a troy ounce.
Currency and dollar index moves were modest. EUR/USD was essentially unchanged, edging 0.05% to 1.16, while EUR/GBP was stable, moving 0.02% to 0.86. The US Dollar Index Futures declined 0.03% to 99.12.
The close left market participants with a clear picture of divergent performance within Italy's market: Technology and some industrial names delivered outsized gains, while other industrial and aerospace-related stocks softened. Commodities advanced modestly alongside the rally, and currency measures showed little directional change.