Italy shares lower at close of trade; Italy 40 down 1.64%

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Italy shares lower at close of trade; Italy 40 down 1.64%
Credit: © Reuters. – Italy equities were lower at the close on Wednesday, as losses in the Technology , Financials and Travel & Leisure sectors propelled shares lower.

At the close in Milan, the Italy 40 fell 1.64% to hit a new 52-week low.

The biggest gainers of the session on the Italy 40 were Saipem SpA (MI: SPMI ), which rose 6.35% or 0.2830 points to trade at 4.7400 at the close. Moncler SpA (MI: MONC ) added 2.29% or 0.67 points to end at 29.90 and Luxottica Group SpA (MI: LUX ) was up 0.80% or 0.44 points to 55.40 in late trade.

Biggest losers included STMicroelectronics (MI: STM ), which lost 10.16% or 1.375 points to trade at 12.155 in late trade. Banco Bpm SpA (MI: BAMI ) declined 4.76% or 0.078 points to end at 1.560 and Unione di Banche Italiane SpA (MI: UBI ) shed 4.14% or 0.1130 points to 2.6170.

Declining stocks outnumbered rising ones by 254 to 110 and 27 ended unchanged on the Milan Stock Exchange.

In commodities trading, Crude oil for December delivery was up 1.70% or 1.13 to $67.56 a barrel. Meanwhile, Brent oil for delivery in December rose 1.20% or 0.92 to hit $77.36 a barrel, while the December Gold Futures contract fell 0.16% or 2.00 to trade at $1231.40 a troy ounce.

EUR/USD was down 0.68% to 1.1394, while EUR/GBP fell 0.03% to 0.8833.

The US Dollar Index Futures was up 0.43% at 96.12.

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