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France stocks lower at close of trade; CAC 40 down 3.32%

Published 02/27/2020, 01:00 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 3.32%
FCHI
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AIRF
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ENGIE
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CARR
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SOGN
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STMPA
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PUBP
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VCTP
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FTI
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SBF120
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FRFDR
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FRGWM
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FRGF
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FNAC
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VCAC
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Investing.com – France stocks were lower after the close on Thursday, as losses in the Foods & Drugs, Gas & Water and General Financial sectors led shares lower.

At the close in Paris, the CAC 40 fell 3.32% to hit a new 3-months low, while the SBF 120 index declined 3.25%.

The best performers of the session on the CAC 40 were Engie SA (PA:ENGIE), which rose 2.33% or 0.36 points to trade at 16.00 at the close. Meanwhile, Carrefour SA (PA:CARR) fell 0.03% or 0.01 points to end at 16.07 and TechnipFMC PLC (PA:FTI) was down 0.79% or 0.12 points to 14.36 in late trade.

The worst performers of the session were STMicroelectronics NV (PA:STM), which fell 7.04% or 1.88 points to trade at 24.81 at the close. Publicis Groupe SA (PA:PUBP) declined 6.83% or 2.58 points to end at 35.22 and Societe Generale SA (PA:SOGN) was down 6.44% or 1.84 points to 26.72.

The top performers on the SBF 120 were Groupe FNAC (PA:FNAC) which rose 5.37% to 41.98, Engie SA (PA:ENGIE) which was up 2.33% to settle at 16.00 and Vicat (PA:VCTP) which gained 1.72% to close at 35.40.

The worst performers were Air France KLM SA (PA:AIRF) which was down 7.17% to 7.38 in late trade, STMicroelectronics NV (PA:STM) which lost 7.04% to settle at 24.81 and Publicis Groupe SA (PA:PUBP) which was down 6.83% to 35.22 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 519 to 93 and 48 ended unchanged.

Shares in Publicis Groupe SA (PA:PUBP) fell to 5-year lows; falling 6.83% or 2.58 to 35.22. Shares in TechnipFMC PLC (PA:FTI) fell to 5-year lows; down 0.79% or 0.12 to 14.36. Shares in Air France KLM SA (PA:AIRF) fell to 52-week lows; falling 7.17% or 0.57 to 7.38. Shares in Publicis Groupe SA (PA:PUBP) fell to 5-year lows; down 6.83% or 2.58 to 35.22.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 17.43% to 26.54 a new 52-week high.

Gold Futures for April delivery was down 0.05% or 0.85 to $1642.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 2.98% or 1.45 to hit $47.28 a barrel, while the May Brent oil contract fell 2.06% or 1.09 to trade at $51.72 a barrel.

EUR/USD was up 0.93% to 1.0980, while EUR/GBP rose 1.12% to 0.8523.

The US Dollar Index Futures was down 0.41% at 98.537.

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