Italy's equity market closed with gains on Tuesday, driven by strength in Industrials, Financials and Utilities, as the main domestic benchmark ended the trading day higher in Milan.
At the close in Milan the Italy 40 index rose 1.09%.
The leading individual contributors included Prysmian SpA (BIT:PRY), which advanced 2.35% or 2.28 points to finish at 99.48. Leonardo SpA (BIT:LDOF) added 2.16% or 1.22 points to end the session at 57.74, and UniCredit SpA (BIT:CRDI) gained 2.13% or 1.54 points to close at 73.88.
On the downside, Amplifon (BIT:AMPF) fell 3.76% or 0.52 points to 13.43 by the bell. Davide Campari Milano SpA (BIT:CPRI) was down 2.92% or 0.17 points to 5.79, and Nexi SpA (BIT:NEXII) declined 2.37% or 0.09 points to 3.62.
Market breadth was mixed: falling issues slightly outnumbered advancers on the Milan exchange, with 346 decliners versus 331 advancing stocks, and 50 shares finishing unchanged.
There were notable price milestones within the session. Shares of Prysmian rose to all-time highs, closing at 99.48 after the 2.35% gain. UniCredit shares reached five-year highs, finishing at 73.88 following the 2.13% rise. Conversely, Nexi traded down to all-time lows, closing at 3.62 after a 2.37% fall.
Commodities and foreign-exchange moves accompanied the equity action. Crude oil for March delivery rose 2.28% or 1.38 to $62.01 a barrel. Brent oil for April delivery increased 2.07% or 1.34 to $66.11 a barrel. The April Gold Futures contract slipped 0.05% or 2.49 to trade at $5,119.81 a troy ounce.
In currency markets, EUR/USD was up 0.83% to 1.20, while EUR/GBP unchanged 0.10% to 0.87. The U.S. Dollar Index Futures was down 0.82% at 96.06.
The session highlighted concentrated gains among industrial, financial and utility names, offset by weakness in select consumer-related and payment services stocks. Trading breadth and the contrasting moves in commodities and currencies underline a market day where leadership was sector-specific.