Italy shares lower at close of trade; Italy 40 down 1.33%

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Italy shares lower at close of trade; Italy 40 down 1.33%
Credit: © Reuters. – Italy equities were lower at the close on Wednesday, as losses in the Chemicals , Financials and Telecoms sectors propelled shares lower.

At the close in Milan, the Italy 40 declined 1.33%.

The biggest gainers of the session on the Italy 40 were Luxottica Group (MI: LUX ), which rose 0.82% or 0.39 points to trade at 48.05 at the close. Recordati (MI: RECI ) added 0.69% or 0.27 points to end at 39.41 and Davide Campari Milano SpA (MI: CPRI ) was up 0.16% or 0.01 points to 6.22 in late trade.

Biggest losers included Banco Bpm (MI: BAMI ), which lost 5.30% or 0.184 points to trade at 3.286 in late trade. Unione di Banche Italiane SpA (MI: UBI ) declined 3.76% or 0.1700 points to end at 4.3540 and Banca Generali (MI: BGN ) shed 2.97% or 0.88 points to 28.70.

Declining stocks outnumbered rising ones by 247 to 125 and 13 ended unchanged on the Milan Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.89% or 0.45 to $49.97 a barrel. Meanwhile, Brent oil for delivery in December fell 0.45% or 0.25 to hit $55.75 a barrel, while the December Gold Futures contract fell 0.11% or 1.43 to trade at $1276.47 a troy ounce.

EUR/USD was up 0.16% to 1.1763, while EUR/GBP fell 0.11% to 0.8863.

The US Dollar Index Futures was down 0.14% at 93.29.

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