Italian equities ended Thursday's trading in negative territory, with sector declines in Oil & Gas, Utilities and Industrials pushing the overall market lower.
At the close in Milan the Investing.com Italy 40 fell 0.83%.
Among individual movers, Telecom Italia (BIT:TLIT) finished as one of the top gainers, advancing 3.70% or 0.02 points to close at 0.69. Poste Italiane SpA (BIT:PST) also posted a positive result, adding 2.46% or 0.56 points to end at 23.30. DiaSorin SpA (BIT:DIAS) rose 2.20% or 1.38 points to 64.24 in late trading.
Conversely, several companies saw notable declines. Davide Campari Milano SpA (BIT:CPRI) recorded the session's largest drop, losing 14.45% or 0.95 points to finish at 5.60. Tenaris SA (BIT:TENR) fell 6.74% or 1.79 points to close at 24.75, while Saipem SpA (BIT:SPMI) declined 5.62% or 0.26 points to 4.33.
Market breadth on the Milan Stock Exchange was tilted to the downside: 412 issues fell versus 354 advancers, and 53 stocks were unchanged.
Telecom Italia's shares reached a five-year high in the session, climbing 3.70% or 0.02 to 0.69.
Commodities and currency moves during the session included a drop in crude oil and mixed moves elsewhere. Crude oil for June delivery eased 1.27% or 1.21 to $93.87 a barrel. Brent oil for July delivery fell 1.59% or 1.61 to $99.66 a barrel. The June Gold Futures contract gained 0.81% or 38.16 to trade at $4,732.46 a troy ounce.
On foreign exchange, EUR/USD was unchanged 0.11% to 1.18, while EUR/GBP was unchanged 0.07% to 0.86.
The US Dollar Index Futures was down 0.03% at 97.85 by the close of the session.
Below are the key market takeaways and potential areas of focus for investors assessing market direction following Thursday's close.
- Index performance: Investing.com Italy 40 closed down 0.83%.
- Top gainers: Telecom Italia (BIT:TLIT) +3.70% to 0.69; Poste Italiane SpA (BIT:PST) +2.46% to 23.30; DiaSorin SpA (BIT:DIAS) +2.20% to 64.24.
- Largest decliners: Davide Campari Milano SpA (BIT:CPRI) -14.45% to 5.60; Tenaris SA (BIT:TENR) -6.74% to 24.75; Saipem SpA (BIT:SPMI) -5.62% to 4.33.