Italian stocks ended Monday's session with positive returns, as the Utilities, Chemicals and Oil & Gas sectors provided upward momentum for the market. At the close in Milan, the Investing.com Italy 40 was up 0.44%.
Top gainers
- Enel (BIT:ENEI) led the index, climbing 6.80% or 0.62 points to finish at 9.70.
- Tenaris SA (BIT:TENR) added 2.08% or 0.46 points to end the day at 22.60.
- Moncler SpA (BIT:MONC) rose 1.86% or 1.06 points to close at 58.06.
Lagging names
- Lottomatica Group SpA (BIT:LTMC) was the weakest on the list, slipping 2.05% or 0.42 points to 20.08 at the close.
- Telecom Italia (BIT:TLIT) declined 1.91% or 0.01 points to end at 0.65.
- Mediobanca Banca di Credito Finanziario SpA (BIT:MDBI) fell 1.82% or 0.35 points to 19.13.
On the Milan Stock Exchange, declining issues outnumbered advancing issues by 390 to 308, while 52 stocks finished unchanged. That distribution indicates narrower breadth despite the positive headline move in the Italy 40.
Commodities and currencies
In commodities trading, crude oil for April delivery eased 0.23% or 0.15 to $66.33 a barrel. Brent oil for May delivery slipped 0.22% or 0.16 to $71.14 a barrel. Precious metals saw a stronger move: the April Gold Futures contract rose 2.97% or 150.69 to trade at $5,231.59 a troy ounce.
Foreign-exchange pairs were essentially flat in the session. EUR/USD was unchanged 0.20% to 1.18, while EUR/GBP was unchanged 0.06% to 0.87. The US Dollar Index Futures was down 0.23% at 97.50.
This close reflects a market day where select sector leadership compensated for a larger number of decliners, and where oil and currency moves were modest while gold posted a notable gain.