Italian share prices finished the trading day lower on Tuesday, pushed down by losses concentrated in the Travel & Leisure, Chemicals and Healthcare sectors.
At the close in Milan, the Investing.com Italy 40 fell 0.59%.
Among individual stocks, STMicroelectronics (BIT:STMMI) was a notable outperformer, climbing 3.15% or 1.83 points to close at 59.85, and rising to what was reported as a five-year high. Avio SpA (BIT:AVI) also advanced, adding 2.71% or 1.05 points to end at 39.74, while Tenaris SA (BIT:TENR) rose 1.40% or 0.37 points to finish at 26.87 in late trade.
On the downside, Ferrari NV (BIT:RACE) recorded the session's steepest drop, sliding 8.37% or 25.95 points to close at 284.05. Luxury apparel maker Brunello Cucinelli (BIT:BCU) declined 3.48% or 2.92 points to 81.06 and payments company Nexi SpA (BIT:NEXII) fell 2.19% or 0.08 points to 3.52.
Market breadth on the Milan Stock Exchange tilted toward decliners, with 448 stocks falling versus 303 advancers and 43 unchanged at the close.
Commodities showed mixed moves during the session. Crude oil for July delivery was down 2.73% or 2.64 to $93.96 a barrel. By contrast, Brent oil for August delivery was reported up 4.02% or 3.76 to $97.18 a barrel. The August Gold Futures contract fell 0.44% or 19.85 to trade at $4,536.55 a troy ounce.
Currency pairs saw limited change: EUR/USD was quoted at 1.16, a 0.18% move described as unchanged in that context, while EUR/GBP was at 0.86 with a 0.31% reading also reported as unchanged. The US Dollar Index Futures was down 0.04% at 99.15.
Market snapshot
- Index: Investing.com Italy 40 -0.59% at close in Milan
- Top gainers: STMicroelectronics +3.15%, Avio +2.71%, Tenaris +1.40%
- Top decliners: Ferrari -8.37%, Brunello Cucinelli -3.48%, Nexi -2.19%
- Breadth: 448 decliners, 303 advancers, 43 unchanged
This report reflects closing prices and session statistics as reported at the Milan market close.