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France stocks lower at close of trade; CAC 40 down 3.94%

Published 02/24/2020, 01:00 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 3.94%
FCHI
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AIRF
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PEUP
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ORAN
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SASY
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VIV
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STMPA
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MT
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SESFd
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TRIA
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ETL
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VIRI
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SBF120
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FRFDR
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FRGWM
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FRGF
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ENX
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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 3.94% to hit a new 1-month low, while the SBF 120 index fell 3.74%.

The best performers of the session on the CAC 40 were Vivendi SA (PA:VIV), which fell 0.95% or 0.24 points to trade at 24.90 at the close. Meanwhile, Orange SA (PA:ORAN) fell 1.53% or 0.20 points to end at 13.23 and Sanofi SA (PA:SASY) was down 1.89% or 1.76 points to 91.57 in late trade.

The worst performers of the session were STMicroelectronics NV (PA:STM), which fell 7.03% or 1.99 points to trade at 26.31 at the close. Peugeot SA (PA:PEUP) declined 6.97% or 1.33 points to end at 17.80 and ArcelorMittal SA (AS:MT) was down 6.72% or 1.01 points to 13.99.

The top performers on the SBF 120 were SES (PA:SESFd) which rose 1.80% to 11.03, Eutelsat Communications SA (PA:ETL) which was up 0.38% to settle at 13.22 and Euronext (PA:ENX) which lost 0.25% to close at 80.80.

The worst performers were Trigano SA (PA:TRIA) which was down 8.96% to 74.65 in late trade, Air France KLM SA (PA:AIRF) which lost 8.68% to settle at 8.29 and CGG SA (PA:GEPH) which was down 8.62% to 2.670 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 571 to 50 and 50 ended unchanged.

Shares in Peugeot SA (PA:PEUP) fell to 52-week lows; losing 6.97% or 1.33 to 17.80.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 43.04% to 22.16 a new 52-week high.

Gold Futures for April delivery was up 1.69% or 27.85 to $1676.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 5.08% or 2.71 to hit $50.67 a barrel, while the May Brent oil contract fell 5.42% or 3.14 to trade at $54.80 a barrel.

EUR/USD was up 0.25% to 1.0871, while EUR/GBP rose 0.50% to 0.8404.

The US Dollar Index Futures was down 0.14% at 99.047.

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