Italy Stocks Close Lower; Italy 40 Index Down 0.82%

Italy’s stock market experienced a decline on Friday, primarily driven by losses in various sectors. By the end of the trading day in Milan, the market index fell by 0.82%.

Among the session’s top performers was Italgas SpA, which saw an increase of 1.41%, gaining 0.08 points to finish at 5.41. Terna Rete Elettrica Nazionale SpA also performed well, rising 1.36% or 0.11 points to close at 8.02, and Hera rose by 1.08%, adding 0.04 points to reach 3.54.

Conversely, the worst performers included Iveco Group NV, which faced a significant drop of 6.41%, down 0.61 points to 8.85 at the close. Telecom Italia dropped 5.92%, losing 0.02 points to settle at 0.24, while Brunello Cucinelli fell by 5.19%, decreasing 4.55 points to 83.20.

The trading session saw a larger number of declining stocks compared to advancing ones, with 330 stocks falling, 152 rising, and 42 remaining unchanged on the Milan Stock Exchange.

In commodities, crude oil for November delivery decreased by 0.28%, settling at $70.96 per barrel. Brent oil for November fell by 0.56%, reaching $74.46 per barrel, while December gold futures rose by 1.20%, climbing to $2,645.85 per ounce.

In currency trading, the EUR/USD pair was stable, showing a slight change of 0.03% to 1.12, while the EUR/GBP pair was also stable, changing by 0.17% to 0.84. The US Dollar Index Futures gained 0.12%, reaching 100.44.