Italian equities ended the trading day on a positive note Friday, with Financials, Technology and Travel & Leisure stocks leading the advance. At the close in Milan, the Italy 40 index was up 1.11%.
Among individual movers, Davide Campari Milano SpA (BIT:CPRI) was the session's top gainer, rising 2.96% - an increase of 0.17 points - to finish at 5.98. Mediobanca Banca di Credito Finanziario SpA (BIT:MDBI) followed, adding 2.83% or 0.49 points to reach 17.63, while Intesa Sanpaolo SpA (BIT:ISP) climbed 2.16% or 0.13 points to close at 5.97.
On the other side of the ledger, Azimut Holding SpA (BIT:AZMT) led the declines, falling 1.39% or 0.50 points to end at 35.52. Eni SpA (BIT:ENI) slipped 0.95% or 0.17 points to close at 17.23, and Ferrari NV (BIT:RACE) lost 0.81% or 2.30 points to finish at 280.80.
Market breadth in Milan showed more winners than losers, with 398 stocks advancing against 312 decliners and 50 issues unchanged.
Commodities and currencies
In commodity markets, crude oil for March delivery rose 0.41% - an increase of 0.27 - to settle at $65.69 a barrel. Brent crude for April delivery increased 0.34% or 0.24 to $69.83 a barrel. By contrast, the April Gold Futures contract registered a sharp move lower, falling 7.36% or 394.19 to trade at $4,960.61 a troy ounce.
On the currency front, EUR/USD moved lower by 0.75% to 1.19, while EUR/GBP was essentially flat, recorded as unchanged at 0.87 with a 0.09% move. The US Dollar Index Futures strengthened, rising 0.65% to 96.76.
Summary of session dynamics
The closing session featured sector-led gains that pushed the broad Italy 40 index higher. Financials, Technology and Travel & Leisure were cited among the contributors to the uptick in the market, and the advance in headline oil benchmarks accompanied a stronger-dollar backdrop. Gold futures moved notably lower during the same period.
Volume and breadth indicators showed a market with more advancing names than decliners at the close, reflecting the day's positive momentum across several sectors.
Key statistics
- Italy 40 index - +1.11% at close in Milan
- Top gainers: CPRI +2.96% to 5.98; MDBI +2.83% to 17.63; ISP +2.16% to 5.97
- Top decliners: AZMT -1.39% to 35.52; ENI -0.95% to 17.23; RACE -0.81% to 280.80
- Breadth: 398 advancers, 312 decliners, 50 unchanged
- Commodities/FX: WTI March $65.69 (+0.41%); Brent April $69.83 (+0.34%); Gold April $4,960.61 (-7.36%); EUR/USD 1.19 (-0.75%); US Dollar Index Futures 96.76 (+0.65%)
This closing note reflects the prices and percentages recorded at the end of the trading session in Milan and in related commodity and currency markets.