Italy shares higher at close of trade; Italy 40 up 0.51%

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Italy shares higher at close of trade; Italy 40 up 0.51% – Italy equities were higher at the close on Thursday, as gains in the Technology , Chemicals and Utilities sectors propelled shares higher.

At the close in Milan, the Italy 40 added 0.51% to hit a new 1-month high.

The biggest gainers of the session on the Italy 40 were STMicroelectronics (MI: STM ), which rose 3.51% or 0.550 points to trade at 16.235 at the close. Italgas SpA (MI: IG ) added 2.11% or 0.101 points to end at 4.891 and Snam (MI: SRG ) was up 2.10% or 0.077 points to 3.739 in late trade.

Biggest losers included Unione di Banche Italiane SpA (MI: UBI ), which lost 2.44% or 0.0920 points to trade at 3.6820 in late trade. Saipem SpA (MI: SPMI ) declined 1.75% or 0.0860 points to end at 4.8330 and Salvatore Ferragamo SpA (MI: SFER ) shed 1.63% or 0.35 points to 21.13.

Advancing stocks outnumbered falling ones by 226 to 156 and 24 ended unchanged on the Milan Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.42% or 0.30 to $70.47 a barrel. Meanwhile, Brent oil for delivery in November fell 0.79% or 0.63 to hit $78.77 a barrel, while the December Gold Futures contract rose 0.12% or 1.50 to trade at $1209.80 a troy ounce.

EUR/USD was up 0.69% to 1.1754, while EUR/GBP fell 0.02% to 0.8879.

The US Dollar Index Futures was down 0.50% at 93.65.

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