Italian stocks closed higher in Milan on Wednesday, with strength concentrated in the Travel & Leisure, Industrials and Chemicals sectors. The Investing.com Italy 40 index finished the session up 1.87%.
At the individual level, Lottomatica Group SpA (BIT:LTMC) was the session's top performer, jumping 14.95% or 3.16 points to end trading at 24.30. Financial names also featured among the winners: Banca Popolare di Sondrio ScpA (BIT:BPSI) added 4.95% or 0.78 points to close at 16.54. Auto manufacturer Stellantis NV (BIT:STLAM) rallied 4.80% or 0.30 points, finishing the day at 6.49.
On the downside, Amplifon (BIT:AMPF) declined 2.18% or 0.27 points to settle at 12.12, marking a move to five-year lows for the stock. Mediobanca Banca di Credito Finanziario SpA (BIT:MDBI) slipped 1.58% or 0.27 points to end at 16.83, while Banca Monte dei Paschi di Siena SpA (BIT:BMPS) fell 1.20% or 0.09 points to 7.69.
Market breadth in Milan favored advancing issues: 516 stocks rose, 224 fell and 45 were unchanged.
Commodities traded mixed alongside the equities move. U.S. crude oil for April delivery was essentially flat, down 0.01% or 0.01 to $74.55 a barrel. Brent oil for May delivery edged lower by 0.04% or 0.03 to $81.37 a barrel. Gold futures for April climbed 0.74% or 37.96 to trade at 5,161.66 a troy ounce.
In foreign-exchange trading, EUR/USD was effectively unchanged at 1.16, moving 0.23%. EUR/GBP was also little changed, showing a 0.17% move to 0.87. The US Dollar Index Futures was down 0.25% at 98.75.
This trading session highlighted selective strength across cyclical sectors such as Travel & Leisure and Industrials, while some long-standing names in the financial sector experienced mixed performance. Amplifon's slide to a five-year low was a notable idiosyncratic development within the broader market advance.