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Italy shares lower at close of trade; Investing.com Italy 40 down 1.50%

Published 18/08/2016, 02:35 am
© Reuters.  Italy shares lower at close of trade; Investing.com Italy 40 down 1.50%
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Investing.com – Italy equities were lower at the close on Wednesday, as losses in the Financials, Utilities and Healthcare sectors propelled shares lower.

At the close in Milan, the Investing.com Italy 40 fell 1.50%.

The biggest gainers of the session on the Investing.com Italy 40 were Telecom Italia (MI:TLIT), which rose 1.90% or 0.0150 points to trade at 0.8055 at the close. Ferrari NV (MI:RACE) added 0.54% or 0.23 points to end at 42.60 and Italcementi (MI:ITAI) was unchanged 0.00% or 0.000 points to 10.570 in late trade.

Biggest losers included UBI Banca (MI:UBI), which lost 4.07% or 0.0960 points to trade at 2.2600 in late trade. Banca Pop Emilia Romagna (MI:EMII) declined 3.72% or 0.130 points to end at 3.360 and Banca Monte dei Paschi di Siena SpA (MI:BMPS) shed 3.54% or 0.0088 points to 0.2398.

Declining stocks outnumbered rising ones by 307 to 80 and 23 ended unchanged on the Milan Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.36% or 0.17 to $46.41 a barrel. Meanwhile, Brent oil for delivery in October rose 0.59% or 0.29 to hit $49.52 a barrel, while the December Gold contract fell 0.50% or 6.85 to trade at $1350.05 a troy ounce.

EUR/USD was down 0.12% to 1.1264, while EUR/GBP rose 0.24% to 0.8666.

The US Dollar Index was up 0.16% at 94.90.

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