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Italy shares higher at close of trade; Investing.com Italy 40 up 0.87%

Published 24/08/2016, 17:35
Updated 24/08/2016, 17:35
© Reuters.  Italy shares higher at close of trade; Investing.com Italy 40 up 0.87%

Investing.com – Italy equities were higher at the close on Wednesday, as gains in the Financials, Industrials and Telecoms sectors propelled shares higher.

At the close in Milan, the Investing.com Italy 40 rose 0.87%.

The biggest gainers of the session on the Investing.com Italy 40 were Unicredit (MI:CRDI), which rose 8.04% or 0.1680 points to trade at 2.2580 at the close. Banca Popolare Milano (MI:PMII) added 3.46% or 0.0130 points to end at 0.3890 and Intesa Sanpaolo (MI:ISP) was up 3.04% or 0.0590 points to 1.9990 in late trade.

Biggest losers included Poste Italiane SpA (MI:PST), which lost 1.10% or 0.0700 points to trade at 6.2800 in late trade. UnipolSai Assicurazioni SpA (MI:US) declined 1.08% or 0.016 points to end at 1.462 and Unipol (MI:UNPI) shed 1.06% or 0.026 points to 2.418.

Advancing stocks outnumbered falling ones by 232 to 143 and 41 ended unchanged on the Milan Stock Exchange.

In commodities trading, Crude oil for October delivery was down 2.99% or 1.44 to $46.66 a barrel. Meanwhile, Brent oil for delivery in October fell 1.88% or 0.94 to hit $49.02 a barrel, while the December Gold contract fell 1.13% or 15.15 to trade at $1330.95 a troy ounce.

EUR/USD was down 0.41% to 1.1260, while EUR/GBP fell 0.70% to 0.8505.

The US Dollar Index was up 0.26% at 94.75.

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