Stocks in Milan closed lower on Wednesday as weakness in Financials, Industrials and Telecoms pushed the Investing.com Italy 40 down 1.01% at the end of trading in Milan.
Market gains were limited to a handful of names. DiaSorin SpA (BIT:DIAS) led the session's advancers, rising 2.19% or 1.44 points to finish at 67.26. Terna Rete Elettrica Nazionale SpA (BIT:TRN) added 1.72% or 0.17 points to close at 9.83, and Lottomatica Group SpA (BIT:LTMC) advanced 1.63% or 0.42 points to end the day at 26.11.
On the downside, Stellantis NV (BIT:STLAM) recorded the largest decline among the index constituents, slipping 4.04% or 0.27 points to close at 6.36. Amplifon (BIT:AMPF) fell 3.20% or 0.35 points to 10.59, while Leonardo SpA (BIT:LDOF) lost 2.81% or 1.47 points to finish at 50.87.
Breadth was firmly negative on the Milan Stock Exchange: 467 stocks declined during the session, 268 advanced and 45 finished unchanged.
Commodity markets reflected upward pressure on crude. Crude oil for July delivery rose 2.17% or 2.03 to $95.79 a barrel. Brent oil for August delivery increased 1.87% or 1.80 to $97.80 a barrel. In contrast, the August Gold Futures contract fell 1.12% or 50.50 to trade at $4,469.40 a troy ounce.
Foreign exchange moves were modest. EUR/USD was unchanged 0.25% to 1.16, and EUR/GBP was unchanged 0.07% to 0.86. The US Dollar Index Futures was up 0.28% at 99.46.
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Overall, the trading session closed with the Italy 40 lower and market participation tilted toward sellers, set against a backdrop of rising oil prices and mixed precious metals and currency moves.