3 months ago
Stock Market

France stocks lower at close of trade; CAC 40 down 1.47%

Investing.com – France stocks were lower after the close on Monday, as losses in the Gas&Water, General Financial and Foods&Drugs

Investing.com – France stocks were lower after the close on Monday, as losses in the Gas&Water, General Financial and Foods&Drugs sectors led shares lower.

At the close in Paris, the CAC 40 declined 1.47% to hit a new 52-week low, while the SBF 120 index declined 1.63%.

The best performers of the session on the CAC 40 were Carrefour SA (PA:CARR), which rose 0.62% or 0.09 points to trade at 14.67 at the close. Meanwhile, Sanofi SA (PA:SASY) added 0.47% or 0.36 points to end at 76.91 and Sodexo (PA:EXHO) was up 0.34% or 0.30 points to 88.52 in late trade.

The worst performers of the session were TechnipFMC PLC (PA:FTI), which fell 4.57% or 0.88 points to trade at 18.26 at the close. Peugeot SA (PA:PEUP) declined 3.99% or 0.71 points to end at 17.20 and Renault SA (PA:RENA) was down 3.98% or 2.29 points to 55.28.

The top performers on the SBF 120 were Soitec SA (PA:SOIT) which rose 1.39% to 49.700, Mercialys (PA:MERY) which was up 1.05% to settle at 12.57 and GTT (PA:GTT) which gained 0.75% to close at 67.60.

The worst performers were Eramet (PA:ERMT) which was down 24.40% to 48.80 in late trade, CGG SA (PA:GEPH) which lost 16.17% to settle at 1.078 and Imerys (PA:IMTP) which was down 8.39% to 43.44 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 502 to 97 and 69 ended unchanged.

Shares in TechnipFMC PLC (PA:FTI) fell to 52-week lows; losing 4.57% or 0.88 to 18.26. Shares in Renault SA (PA:RENA) fell to 3-years lows; falling 3.98% or 2.29 to 55.28. Shares in Eramet (PA:ERMT) fell to 52-week lows; down 24.40% or 15.75 to 48.80. Shares in CGG SA (PA:GEPH) fell to 5-year lows; falling 16.17% or 0.208 to 1.078. Shares in Imerys (PA:IMTP) fell to 5-year lows; losing 8.39% or 3.98 to 43.44.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 8.40% to 22.74.

Gold Futures for February delivery was down 0.27% or 3.40 to $1249.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.62% or 0.85 to hit $51.76 a barrel, while the February Brent oil contract fell 1.17% or 0.72 to trade at $60.95 a barrel.

EUR/USD was down 0.04% to 1.1374, while EUR/GBP rose 1.13% to 0.9044.

The US Dollar Index Futures was up 0.55% at 97.007.