Italian equities closed higher on Friday, driven by advances in Technology, Telecoms and Financials sectors that pushed the benchmark index up by 1.28% in late trade.
At the close in Milan the Investing.com Italy 40 registered a 1.28% gain.
Among the top performers on the Italy 40 were Avio SpA (BIT:AVI), which climbed 3.89% - gaining 1.09 points to finish at 29.10; Prysmian SpA (BIT:PRY), up 2.95% or 3.65 points to close at 127.25; and Stellantis NV (BIT:STLAM), which rose 2.72% or 0.12 points to end the session at 4.67.
On the downside, Saipem SpA (BIT:SPMI) posted the largest decline among noted names, slipping 1.24% or 0.05 points to 4.31 at the close. Lottomatica Group SpA (BIT:LTMC) eased 0.62% or 0.17 points to 27.33, while Davide Campari Milano SpA (BIT:CPRI) was down 0.38% or 0.02 points to 5.72.
Market breadth on the Milan Stock Exchange favored advancing issues, with 376 stocks closing higher versus 268 that fell. A further 57 securities finished unchanged.
Commodities moved notably during the session. Crude oil for October delivery fell 2.52% - down $2.58 - to settle at $99.90 a barrel. Brent oil for November delivery declined 2.13% or $2.29 to $105.34 a barrel. Precious metals saw December Gold Futures edge up 0.09% or $3.95 to trade at $4,411.25 a troy ounce.
Foreign exchange pairs were largely flat. EUR/USD was effectively unchanged, recorded at about 1.16 with a 0.05% notation, while EUR/GBP held steady at 0.86 with a 0.00% change reported. The US Dollar Index Futures was slightly firmer, up 0.03% at 99.07.
Summary of session movers and market context:
- Index performance: Investing.com Italy 40 +1.28% at close.
- Top gainers: Avio +3.89% to 29.10; Prysmian +2.95% to 127.25; Stellantis +2.72% to 4.67.
- Notable decliners: Saipem -1.24% to 4.31; Lottomatica -0.62% to 27.33; Davide Campari -0.38% to 5.72.
- Commodities: WTI crude (October) -2.52% to $99.90; Brent (November) -2.13% to $105.34; Gold (December) +0.09% to $4,411.25/oz.
- FX and dollar: EUR/USD ~1.16 (0.05%); EUR/GBP 0.86 (0.00%); US Dollar Index Futures +0.03% at 99.07.
The session’s gains were broad-based across sectors highlighted by technology, telecoms and financials, while energy-linked assets and crude benchmarks moved lower. Market participants weighed corporate moves in Milan alongside shifting commodity prices and a marginally firmer dollar futures reading.