2 months ago
Stock Market

Italy stocks lower at close of trade; Investing.com Italy 40 down 1.75%

Investing.com – Italy stocks were lower after the close on Thursday, as losses in the Telecoms, Utilities and Oil&Gas sectors

Investing.com – Italy stocks were lower after the close on Thursday, as losses in the Telecoms, Utilities and Oil&Gas sectors led shares lower.

At the close in Milan, the Investing.com Italy 40 lost 1.75% to hit a new 52-week low.

The best performers of the session on the Investing.com Italy 40 were Recordati (MI:RECI), which rose 2.34% or 0.71 points to trade at 31.01 at the close. Meanwhile, Salvatore Ferragamo SpA (MI:SFER) added 1.56% or 0.28 points to end at 17.93 and Moncler SpA (MI:MONC) was up 0.94% or 0.26 points to 28.05 in late trade.

The worst performers of the session were Banca Mediolanum SpA (MI:BMED), which fell 4.98% or 0.254 points to trade at 4.846 at the close. Fiat Chrysler Automobiles NV (MI:FCHA) declined 3.86% or 0.506 points to end at 12.618 and Telecom Italia (MI:TLIT) was down 3.68% or 0.0184 points to 0.4820.

Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 267 to 101 and 19 ended unchanged.

Shares in Fiat Chrysler Automobiles NV (MI:FCHA) fell to 52-week lows; down 3.86% or 0.506 to 12.618. Shares in Telecom Italia (MI:TLIT) fell to 5-year lows; down 3.68% or 0.0184 to 0.4820.

Crude oil for February delivery was down 3.71% or 1.73 to $44.88 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 3.82% or 2.11 to hit $53.18 a barrel, while the February Gold Futures contract rose 0.79% or 10.05 to trade at $1279.80 a troy ounce.

EUR/USD was up 0.78% to 1.1441, while EUR/GBP rose 0.62% to 0.9043.

The US Dollar Index Futures was down 0.56% at 96.040.