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France stocks lower at close of trade; CAC 40 down 1.69%

Published 07/05/2016, 12:35 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 1.69%
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Investing.com – France stocks were lower after the close on Tuesday, as losses in the Basic Materials, Financials and Utilities sectors led shares lower.

At the close in Paris, the CAC 40 fell 1.69%, while the SBF 120 index declined 1.75%.

The best performers of the session on the CAC 40 were Legrand SA (PA:LEGD), which rose 1.60% or 0.73 points to trade at 46.70 at the close. Meanwhile, L’Oreal SA (PA:OREP) fell 0.03% or 0.05 points to end at 173.35 and Danone SA (PA:DANO) was down 0.16% or 0.10 points to 63.83 in late trade.

The worst performers of the session were Peugeot SA (PA:PEUP), which fell 5.43% or 0.61 points to trade at 10.62 at the close. Technip (PA:TECF) declined 5.23% or 2.59 points to end at 46.94 and ArcelorMittal SA (AS:ISPA) was down 4.81% or 0.216 points to 4.279.

The top performers on the SBF 120 were Air France KLM SA (PA:AIRF) which rose 2.63% to 5.963, Legrand SA (PA:LEGD) which was up 1.60% to settle at 46.70 and Altran Technologies (PA:ALTT) which gained 1.09% to close at 12.035.

The worst performers were Maurel Et Prom (PA:MAUP) which was down 6.51% to 2.870 in late trade, Vallourec (PA:VLLP) which lost 6.39% to settle at 3.222 and Rexel (PA:RXL) which was down 6.01% to 10.40 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 505 to 166 and 95 ended unchanged.

Shares in Peugeot SA (PA:PEUP) fell to 52-week lows; down 5.43% or 0.61 to 10.62.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 6.33% to 24.90.

Gold for August delivery was up 1.25% or 16.80 to $1355.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 4.49% or 2.20 to hit $46.79 a barrel, while the September Brent oil contract fell 4.27% or 2.14 to trade at $47.96 a barrel.

EUR/USD was down 0.56% to 1.1092, while EUR/GBP rose 1.29% to 0.8499.

The US Dollar Index was up 0.49% at 96.08.

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