Italy stocks lower at close of trade; Italy 40 down 1.60%

Oct 10, 2018

Italy stocks were lower after the close on Wednesday, as losses in the Technology, Healthcare and Industrials sectors led shares lower.

At the close in Milan, the Italy 40 declined 1.60% to hit a new 52-week low.

The best performers of the session on the Italy 40 were Bper Banca SpA (MI:EMII), which rose 2.18% or 0.077 points to trade at 3.614 at the close. Meanwhile, Atlantia (MI:ATL) added 1.72% or 0.30 points to end at 17.70 and Telecom Italia (MI:TLIT) was up 1.33% or 0.0066 points to 0.5032 in late trade.

The worst performers of the session were Moncler SpA (MI:MONC), which fell 10.85% or 3.86 points to trade at 31.73 at the close. Ferrari NV (MI:RACE) declined 8.14% or 9.15 points to end at 103.20 and Pirelli&C SPA (MI:PIRC) was down 5.98% or 0.40 points to 6.29.

Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 240 to 125 and 23 ended unchanged.

Shares in Pirelli&C SPA (MI:PIRC) fell to 5-year lows; losing 5.98% or 0.40 to 6.29.

Crude oil for November delivery was down 2.11% or 1.58 to $73.38 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.78% or 1.51 to hit $83.49 a barrel, while the December Gold Futures contract rose 0.11% or 1.30 to trade at $1192.80 a troy ounce.

EUR/USD was up 0.47% to 1.1544, while EUR/GBP fell 0.05% to 0.8738.

The US Dollar Index Futures was down 0.31% at 95.06.