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Italy shares higher at close of trade; Investing.com Italy 40 up 1.64%

Published 2019/01/16, 19:35
Updated 2019/01/16, 19:36
© Reuters.  Italy shares higher at close of trade; Investing.com Italy 40 up 1.64%

Investing.com – Italy equities were higher at the close on Wednesday, as gains in the Financials, Telecoms and Technology sectors propelled shares higher.

At the close in Milan, the Investing.com Italy 40 gained 1.64% to hit a new 1-month high.

The biggest gainers of the session on the Investing.com Italy 40 were UniCredit SpA (MI:CRDI), which rose 5.82% or 0.5860 points to trade at 10.6480 at the close. FinecoBank Banca Fineco SpA (MI:FBK) added 5.63% or 0.53 points to end at 9.98 and Unione di Banche Italiane SpA (MI:UBI) was up 3.81% or 0.0890 points to 2.4240 in late trade.

Biggest losers included Davide Campari Milano SpA (MI:CPRI), which lost 1.36% or 0.10 points to trade at 7.62 in late trade. Pirelli & C SPA (MI:PIRC) declined 0.69% or 0.04 points to end at 6.02 and Terna (MI:TRN) shed 0.67% or 0.036 points to 5.310.

Advancing stocks outnumbered falling ones by 235 to 126 and 25 ended unchanged on the Milan Stock Exchange.

In commodities trading, Crude oil for February delivery was down 0.59% or 0.31 to $51.80 a barrel. Meanwhile, Brent oil for delivery in March rose 0.03% or 0.02 to hit $60.66 a barrel, while the February Gold Futures contract rose 0.48% or 6.15 to trade at $1294.55 a troy ounce.

EUR/USD was down 0.11% to 1.1402, while EUR/GBP fell 0.01% to 0.8871.

The US Dollar Index Futures was down 0.00% at 95.672.

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