Italian shares ended the trading day with gains on Tuesday, propelled by advances in the Technology, Financials and Healthcare sectors.
At the close in Milan, the Investing.com Italy 40 rose 1.33% and recorded a new all-time high.
Top performers
Among components of the Italy 40, Stellantis NV (BIT:STLAM) led the list of winners, increasing 3.48% - a rise of 0.23 points - to finish at 6.93. Moncler SpA (BIT:MONC) and UniCredit SpA (BIT:CRDI) also posted strong results, with Moncler gaining 3.21% or 1.70 points to close at 54.74, and UniCredit up 3.20% or 2.18 points to end at 70.36.
Weakest performers
Not all stocks participated in the rally. Eni SpA (BIT:ENI) was the sessions largest decliner, slipping 2.19% or 0.52 points to close at 23.49. Tenaris SA (BIT:TENR) fell 1.87% or 0.48 points to 25.25, while Fincantieri SpA (BIT:FCT) declined 1.08% or 0.15 points to finish at 13.69.
Market breadth and participation
Advancing issues outnumbered decliners on the Milan Stock Exchange by 517 to 199, and 48 stocks ended the day unchanged, signaling broad participation in the upside move.
Commodities
Energy and metals prices moved noticeably during the session. Crude oil for May delivery fell 6.57% - down 6.51 - to $92.57 a barrel. Brent oil for June delivery declined 3.83% or 3.81 to $95.55 a barrel. In precious metals, the June Gold Futures contract rose 1.42% or 67.67 to trade at $4,835.07 a troy ounce.
Currencies and futures
Currency markets were relatively stable by the close: EUR/USD was recorded unchanged at a move of 0.26% to 1.18, while EUR/GBP was unchanged at 0.15% to 0.87. The US Dollar Index Futures dipped 0.23% to 97.93.
The session underscored a risk-on tilt in Milan, with technology, financial and healthcare names leading the gains and energy-related stocks among the weaker performers. Movements in oil and gold, as well as modest shifts in major currency pairs and the dollar index futures, accompanied the equity advance.