Italy shares higher at close of trade; Italy 40 up 1.22%

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Italy shares higher at close of trade; Italy 40 up 1.22%
Credit: © Reuters. – Italy equities were higher at the close on Wednesday, as gains in the Financials , Oil & Gas and Travel & Leisure sectors propelled shares higher.

At the close in Milan, the Italy 40 gained 1.22% to hit a new 1-month high.

The biggest gainers of the session on the Italy 40 were Banca Monte dei Paschi di Siena SpA (MI: BMPS ), which rose 6.14% or 0.0390 points to trade at 0.6740 at the close. Unicredit (MI: CRDI ) added 4.61% or 0.1520 points to end at 3.4520 and CNH Industrial NV (MI: CNHI ) was up 3.46% or 0.220 points to 6.585 in late trade.

Biggest losers included Salvatore Ferragamo (MI: SFER ), which lost 2.52% or 0.55 points to trade at 21.26 in late trade. Moncler SpA (MI: MONC ) declined 1.85% or 0.28 points to end at 14.84 and Tod'S (MI: TOD ) shed 1.42% or 0.90 points to 62.60.

Advancing stocks outnumbered falling ones by 246 to 157 and 23 ended unchanged on the Milan Stock Exchange.

In commodities trading, Crude oil for June delivery was up 1.95% or 0.83 to $43.30 a barrel. Meanwhile, Brent oil for delivery in June rose 2.00% or 0.88 to hit $44.91 a barrel, while the June Gold contract rose 0.07% or 0.90 to trade at $1255.20 a troy ounce.

EUR/USD was down 0.29% to 1.1326, while EUR/GBP fell 0.15% to 0.7878.

The US Dollar Index was up 0.22% at 94.28.

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