Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

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
-
AIRF
-
ENGIE
-
CARR
-
SOGN
-
STMPA
-
PUBP
-
VCTP
-
FTI
-
SBF120
-
FRFDR
-
FRGWM
-
FRGF
-
FNAC
-
VCAC
-

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.