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France stocks lower at close of trade; CAC 40 down 3.74%

Published 09/21/2020, 01:00 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 3.74%
FCHI
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CARR
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PERP
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VLLP
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SOGN
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RENA
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MT
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DAST
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VIRI
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BIOX
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RUBF
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SEVI
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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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VCAC
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Investing.com – France stocks were lower after the close on Monday, as losses in the Foods & Drugs, Gas & Water and General Financial sectors led shares lower.

At the close in Paris, the CAC 40 declined 3.74% to hit a new 1-month low, while the SBF 120 index lost 3.73%.

The best performers of the session on the CAC 40 were Carrefour SA (PA:CARR), which fell 0.67% or 0.09 points to trade at 13.34 at the close. Meanwhile, Pernod Ricard SA (PA:PERP) fell 1.48% or 2.05 points to end at 136.50 and Dassault Systemes SE (PA:DAST) was down 1.50% or 2.40 points to 157.55 in late trade.

The worst performers of the session were ArcelorMittal SA (AS:MT), which fell 8.39% or 0.97 points to trade at 10.57 at the close. Renault SA (PA:RENA) declined 7.75% or 1.75 points to end at 20.88 and Societe Generale SA (PA:SOGN) was down 7.66% or 0.97 points to 11.66.

The top performers on the SBF 120 were Biomerieux SA (PA:BIOX) which rose 1.72% to 130.20, Suez SA (PA:SEVI) which was up 1.30% to settle at 14.84 and Rubis SCA (PA:RUBF) which gained 0.67% to close at 36.14.

The worst performers were Vallourec (PA:VLLP) which was down 11.37% to 17.784 in late trade, TechnipFMC PLC (PA:FTI) which lost 11.25% to settle at 5.63 and CGG SA (PA:GEPH) which was down 10.51% to 0.615 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 512 to 73 and 63 ended unchanged.

Shares in Societe Generale SA (PA:SOGN) fell to 5-year lows; falling 7.66% or 0.97 to 11.66. Shares in Vallourec (PA:VLLP) fell to 5-year lows; down 11.37% or 2.281 to 17.784. Shares in CGG SA (PA:GEPH) fell to all time lows; falling 10.51% or 0.072 to 0.615.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 18.55% to 26.50.

Gold Futures for December delivery was down 2.73% or 53.65 to $1908.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 4.45% or 1.84 to hit $39.48 a barrel, while the November Brent oil contract fell 3.82% or 1.65 to trade at $41.50 a barrel.

EUR/USD was down 0.81% to 1.1741, while EUR/GBP rose 0.05% to 0.9179.

The US Dollar Index Futures was up 0.87% at 93.763.

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