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Italian Stocks Close Higher, Led by Gains in Healthcare and Energy Sectors
Italian equities ended the trading week with a modest gain, as the benchmark Investing.com Italy 40 index rose 0.18% by the close on Friday. The advance was supported by strength in the Healthcare, Industrials, and Oil & Gas sectors, according to market data.
Session Movers
Leading the gains on the main index was hearing aid specialist Amplifon (BIT:AMPF), which surged 8.19%. It was followed by biotechnology firm DiaSorin SpA (BIT:DIAS), which added 4.21%, and luxury goods company Brunello Cucinelli (BIT:BCU), up 2.95%.
Weighing on the index were several large-cap stocks. Automaker Stellantis NV (BIT:STLAM) was the worst performer, falling 1.96%. It was joined by utility companies Snam SpA (BIT:SRG) and Italgas SpA (BIT:IG), which declined 1.80% and 1.58%, respectively.
AdMarket Breadth and Commodities
Overall sentiment on the Milan Stock Exchange was positive, with 443 stocks advancing compared to 292 declining, while 55 finished unchanged. The gains in the energy sector were mirrored in commodity markets, where Crude Oil futures for September delivery rose 0.95% to $84.38 a barrel.
In other markets, Gold Futures for August delivery fell 1.51% to trade at $4,038.00 a troy ounce. In currency trading, the EUR/USD pair was largely flat at 1.15, while the US Dollar Index Futures, which measures the greenback against a basket of major currencies, gained 0.21% to 99.93.
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