Investing.com – Italy stocks were higher after the close on Wednesday, as gains in the Financials, Utilities and Industrials sectors led shares higher.
At the close in Milan, the FTSE MIB gained 2.29% to hit a new 1-month high.
The best performers of the session on the FTSE MIB were Finmeccanica (MILAN:SIFI), which rose 4.09% or 0.470 points to trade at 11.950 at the close. Meanwhile, Banca Monte dei Paschi di Siena SpA (MILAN:BMPS) added 4.04% or 0.0720 points to end at 1.8520 and UBI Banca (MILAN:UBI) was up 3.73% or 0.275 points to 7.655 in late trade.
The worst performers of the session were Tenaris (MILAN:TENR), which fell 0.07% or 0.01 points to trade at 13.38 at the close. Saipem (MILAN:SPMI) added 0.17% or 0.02 points to end at 11.99 and World Duty Free SpA (MILAN:WDF) was up 0.20% or 0.020 points to 10.140.
Rising stocks outnumbered declining ones on the Milan Stock Exchange by 372 to 94 and 3 ended unchanged.
Shares in Finmeccanica (MILAN:SIFI) rose to 5-year highs; gaining 4.09% or 0.470 to 11.950.
Crude oil for July delivery was down 0.26% or 0.15 to $57.88 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 1.56% or 0.99 to hit $62.73 a barrel, while the August Gold contract fell 0.08% or 1.00 to trade at $1186.80 a troy ounce.
EUR/USD was up 0.08% to 1.0881, while EUR/GBP rose 0.45% to 0.7100.
The US Dollar Index was up 0.15% at 97.53.