Italian shares ended Monday's trading in positive territory, led by gains across Travel & Leisure, Financials and Healthcare. At the close in Milan, the Investing.com Italy 40 rose 0.45%.
Among individual winners, Ferrari NV (BIT:RACE) was the session's top performer, climbing 4.29% or 13.65 points to finish at 331.80. Lottomatica Group SpA (BIT:LTMC) gained 3.16% or 0.77 points to close at 25.12, while Buzzi Unicem (BIT:BZU) increased 2.80% or 1.14 points to end the day at 41.84.
Not all stocks participated in the rally. Prysmian SpA (BIT:PRY) registered the heaviest decline among the index constituents, slipping 3.78% or 4.80 points to 122.10 by the close. Tenaris SA (BIT:TENR) fell 2.86% or 0.73 points to 24.79, and Eni SpA (BIT:ENI) dropped 2.44% or 0.56 points to 22.40.
Market breadth in Milan favored advancing issues, with 423 stocks higher against 284 that closed lower; 52 names finished unchanged.
Commodities moved notably during the session. Crude oil for September delivery fell 6.73% or 6.01 to $83.30 a barrel. Brent for October delivery declined 5.63% or 5.16 to $86.52 a barrel. In metals trading, the August Gold Futures contract rose 0.27% or 11.00 to trade at $4,081.80 a troy ounce.
On the currency front, EUR/USD was effectively unchanged, moving 0.06% to 1.14, while EUR/GBP was flat at 0.86, a change of 0.23%. The US Dollar Index Futures ticked up 0.01% to 101.31.
Summary observations:
- Index performance - The Investing.com Italy 40 closed up 0.45%.
- Sector drivers - Gains were concentrated in Travel & Leisure, Financials and Healthcare.
- Notable movers - Ferrari, Lottomatica and Buzzi Unicem recorded the largest advances, while Prysmian, Tenaris and Eni posted the steepest declines.
The session underscored a divergence between consumer and financial names that pushed the index higher and energy and industrial names that retreated, coinciding with a sharp drop in oil benchmarks.