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France stocks lower at close of trade; CAC 40 down 1.87%

Published 09/22/2022, 01:00 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 1.87%

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

At the close in Paris, the CAC 40 fell 1.87% to hit a new 1-month low, while the SBF 120 index declined 1.97%.

The best performers of the session on the CAC 40 were Societe Generale SA (EPA:SOGN), which rose 1.60% or 0.37 points to trade at 23.51 at the close. Meanwhile, Danone SA (EPA:DANO) added 1.30% or 0.64 points to end at 50.00 and Orange SA (EPA:ORAN) was up 0.94% or 0.09 points to 9.84 in late trade.

The worst performers of the session were WFD Unibail Rodamco NV (AS:URW), which fell 5.98% or 2.91 points to trade at 45.82 at the close. STMicroelectronics NV (EPA:STM) declined 5.96% or 2.19 points to end at 34.66 and Alstom SA (EPA:ALSO) was down 5.27% or 1.00 points to 17.88.

The top performers on the SBF 120 were Metropole Television SA (EPA:MMTP) which rose 6.37% to 13.35, Television Francaise 1 SA (EPA:TFFP) which was up 1.66% to settle at 6.44 and Societe Generale SA (EPA:SOGN) which gained 1.60% to close at 23.51.

The worst performers were Elior Group (EPA:ELIOR) which was down 8.03% to 2.68 in late trade, Derichebourg (EPA:DBG) which lost 7.66% to settle at 4.70 and Accor SA (EPA:ACCP) which was down 6.87% to 21.69 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 431 to 125 and 76 ended unchanged.

Shares in WFD Unibail Rodamco NV (AS:URW) fell to 52-week lows; falling 5.98% or 2.91 to 45.82. Shares in Alstom SA (EPA:ALSO) fell to 5-year lows; falling 5.27% or 1.00 to 17.88. Shares in Derichebourg (EPA:DBG) fell to 52-week lows; down 7.66% or 0.39 to 4.70. Shares in Accor SA (EPA:ACCP) fell to 52-week lows; down 6.87% or 1.60 to 21.69.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00% to 18.96 a new 52-week high.

Gold Futures for December delivery was up 0.39% or 6.55 to $1,682.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.86% or 0.71 to hit $83.65 a barrel, while the November Brent oil contract rose 0.82% or 0.74 to trade at $90.57 a barrel.

EUR/USD was unchanged 0.03% to 0.98, while EUR/GBP unchanged 0.10% to 0.87.

The US Dollar Index Futures was up 0.60% at 111.01.

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