Italy stocks higher at close of trade; Investing.com Italy 40 up 0.36% By Investing.com
Key Takeaways
- Italian stocks closed higher on Friday, with the Milan index gaining 0.36% to a one-month high.
- Davide Campari Milano SpA, Telecom Italia, and Stellantis NV were among the best-performing stocks.
- Prysmian SpA, Moncler SpA, and Assicurazioni Generali SpA were the session's worst performers.
- More stocks advanced (460) than declined (240) on the Milan Stock Exchange.
- Commodities, including crude oil and gold futures, also experienced price increases during the session.
The Italian stock market experienced a positive close on Friday, with the main index in Milan gaining 0.36% to achieve a new one-month high, reflecting broad sector strength. Leading the gains were Davide Campari Milano SpA, which surged 3.30%, Telecom Italia, up 2.57% (reaching a three-year high), and Stellantis NV, which increased by 2.31%. Conversely, Prysmian SpA, Moncler SpA, and Assicurazioni Generali SpA were among the session's worst performers, experiencing declines. The market breadth favored buyers, with 460 advancing stocks compared to 240 declining ones. In related markets, crude oil futures for November delivery rose by 1.14%, Brent oil increased by 1.03%, and Gold Futures saw a significant jump of 1.16%. Currency pairs like EUR/USD and EUR/GBP remained relatively flat, while the US Dollar Index Futures slightly decreased.
