Stocks in Milan ended the trading session higher on Tuesday, with the Investing.com Italy 40 rising 0.83% to close at a new all-time peak. Sector strength in Healthcare, Financials and Industrials contributed to the overall advance across Italy's largest names.
Top gainers
- DiaSorin SpA (BIT:DIAS) led the index's winners, advancing 4.12% or 2.94 points to finish at 74.32.
- Davide Campari Milano SpA (BIT:CPRI) added 3.27% or 0.19 points, ending the day at 6.12.
- Tenaris SA (BIT:TENR) rose 2.70% or 0.51 points to close at 19.39.
Largest decliners
- Nexi SpA (BIT:NEXII) was the session's weakest performer, dropping 4.91% or 0.18 points to 3.41 at the close.
- Interpump Group (BIT:ITPG) fell 3.05% or 1.50 points to end at 47.74.
- Amplifon (BIT:AMPF) declined 2.79% or 0.38 points to 13.23.
On the Milan Stock Exchange, there were 392 stocks that fell versus 365 that advanced; 54 issues finished unchanged.
Market breadth included a couple of notable price milestones: shares of Nexi dropped to an all-time low, losing 4.91% to settle at 3.41, while Tenaris recorded a five-year high after gaining 2.70% to 19.39.
Commodities and currencies
In commodity markets, March crude oil futures rose 0.68% or 0.42 to trade at $62.56 a barrel. Brent crude for April delivery increased 0.45% or 0.30 to $66.60 a barrel. The April gold futures contract was reported up 6.82% or 317.14, trading at $4,969.74 a troy ounce.
On foreign exchange screens, EUR/USD was effectively unchanged, noted at 1.18 with a 0.30% move, and EUR/GBP was flat at 0.86 with a 0.03% change. The US Dollar Index Futures traded lower by 0.28% at 97.22.
Context and market composition
The session's gains were concentrated in Healthcare, Financials and Industrials, which helped lift the benchmark to its new record. At the same time, intraday weakness among select financial and industrial names weighed on breadth, producing a larger tally of decliners than advancers on the exchange.