Investing.com – Italy equities were lower at the close on Monday, as losses in the Financials, Telecoms and Utilities sectors propelled shares lower.
At the close in Milan, the FTSE MIB fell 4.03% to hit a new 3-month low.
The biggest gainers 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. 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.
Biggest losers included Banca Monte dei Paschi di Siena SpA (MILAN:BMPS), which lost 11.51% or 0.2000 points to trade at 1.5380 in late trade. Banco Popolare (MILAN:BAPO) declined 6.59% or 0.9800 points to end at 13.8800 and Mediolanum (MILAN:MED) shed 6.55% or 0.495 points to 7.065.
Declining stocks outnumbered rising ones by 422 to 35 and 4 ended unchanged on the Milan Stock Exchange.
In commodities trading, Crude oil for August delivery was down 2.70% or 1.50 to $54.02 a barrel. Meanwhile, Brent oil for delivery in August fell 3.39% or 2.04 to hit $58.27 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.