Italy shares higher at close of trade; Italy 40 up 0.75%

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Italy shares higher at close of trade; Italy 40 up 0.75%
Credit: © Reuters. – Italy equities were higher at the close on Wednesday, as gains in the Oil & Gas , Technology and Utilities sectors propelled shares higher.

At the close in Milan, the Italy 40 gained 0.75%.

The biggest gainers of the session on the Italy 40 were Saipem SpA (MI: SPMI ), which rose 5.34% or 0.1950 points to trade at 3.8470 at the close. Tenaris (MI: TENR ) added 5.11% or 0.77 points to end at 15.85 and CNH Industrial NV (MI: CNHI ) was up 2.83% or 0.254 points to 9.232 in late trade.

Biggest losers included Banca Generali (MI: BGN ), which lost 3.23% or 0.70 points to trade at 20.98 in late trade. Unione di Banche Italiane SpA (MI: UBI ) declined 2.21% or 0.0720 points to end at 3.1870 and UniCredit SpA (MI: CRDI ) shed 1.80% or 0.2540 points to 13.8760.

Declining stocks outnumbered rising ones by 198 to 165 and 28 ended unchanged on the Milan Stock Exchange.

In commodities trading, Crude oil for August delivery was up 3.23% or 2.28 to $72.81 a barrel. Meanwhile, Brent oil for delivery in September rose 2.06% or 1.57 to hit $77.71 a barrel, while the August Gold Futures contract fell 0.26% or 3.30 to trade at $1256.60 a troy ounce.

EUR/USD was down 0.55% to 1.1584, while EUR/GBP rose 0.07% to 0.8813.

The US Dollar Index Futures was up 0.49% at 94.82.

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