Investing.com – Italy stocks were lower after the close on Monday, as losses in the Financials, Telecoms and Utilities sectors led shares lower.
At the close in Milan, the FTSE MIB lost 4.03% to hit a new 3-months low.
The best performers of the session on the FTSE MIB were STMicroelectronics (MILAN:STM), which rose 1.72% or 0.125 points to trade at 7.380 at the close. Meanwhile, Ansaldo STS (MILAN:STS) added 0.21% or 0.02 points to end at 9.38 and World Duty Free SpA (MILAN:WDF) was down 0.20% or 0.020 points to 10.090 in late trade.
The worst performers of the session were Banca Monte dei Paschi di Siena SpA (MILAN:BMPS), which fell 11.51% or 0.2000 points to trade at 1.5380 at the close. Banco Popolare Sc (MILAN:BAPO) declined 6.59% or 0.9800 points to end at 13.8800 and Mediolanum (MILAN:MED) was down 6.55% or 0.495 points to 7.065.
Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 422 to 35 and 4 ended unchanged.
Shares in Banca Monte dei Paschi di Siena SpA (MILAN:BMPS) fell to 52-week lows; falling 11.51% or 0.2000 to 1.5380.
Crude oil for August delivery was down 2.83% or 1.57 to $53.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 3.51% or 2.12 to hit $58.20 a barrel, while the August Gold contract fell 0.09% or 1.10 to trade at $1166.70 a troy ounce.
EUR/USD was down 0.28% to 1.1080, while EUR/GBP fell 0.66% to 0.7093.
The US Dollar Index was down 0.11% at 96.27.