Italian stocks ended the trading session in negative territory on Friday as sector weakness in Technology, Industrials and Chemicals weighed on the market. At the close in Milan the Investing.com Italy 40 was down 0.89%.
Among individual movers, Ferrari NV (BIT:RACE) was the session's top gainer, rising 3.14% - 9.80 points - to finish at 322.15. DiaSorin SpA (BIT:DIAS) followed, adding 2.92% or 1.94 points to close at 68.34, while Italgas SpA (BIT:IG) advanced 1.36% or 0.14 points to end the day at 10.47.
On the downside, Saipem SpA (BIT:SPMI) recorded the steepest decline among the larger names, sliding 5.18% or 0.23 points to close at 4.17. Amplifon (BIT:AMPF) fell 4.84% or 0.49 points to 9.61, and STMicroelectronics (BIT:STMMI) slipped 3.77% or 2.45 points to 62.60.
Market breadth at the Milan Stock Exchange was tilted toward losers: 440 stocks fell while 287 advanced and 46 finished unchanged.
Commodity markets showed notable moves during the European session. Crude oil for August delivery declined 3.98% or 2.86 to settle at $69.06 a barrel. Brent oil for September delivery fell 3.99% or 3.01 to $72.49 a barrel. In contrast, the August Gold Futures contract rose 1.43% or 57.72 to trade at $4,105.32 a troy ounce.
In foreign exchange trading, EUR/USD was reported unchanged, at 1.14, while EUR/GBP was unchanged at 0.86. The US Dollar Index Futures moved lower by 0.20% to 101.00.
The session's price action and the shifts in commodity markets underpinned a mixed intraday picture: several large-cap Italian stocks posted gains that offset some losses, but the overall index closed lower as declines outnumbered advances across the exchange.
Investors watching sector flows will note that Technology, Industrials and Chemicals were explicitly cited as leading the declines, a detail echoed by the performance dispersion among individual names in the index.