France stocks lower at close of trade; CAC 40 down 1.92%

Oct 11, 2018

France stocks were lower after the close on Thursday, as losses in the Oil&Gas, Financials and Basic Materials sectors led shares lower.

At the close in Paris, the CAC 40 declined 1.92% to hit a new 6-months low, while the SBF 120 index fell 1.83%.

The best performers of the session on the CAC 40 were STMicroelectronics NV (PA:STM), which rose 1.95% or 0.275 points to trade at 14.405 at the close. Meanwhile, Peugeot SA (PA:PEUP) added 0.63% or 0.13 points to end at 20.75 and Carrefour SA (PA:CARR) was up 0.29% or 0.04 points to 15.68 in late trade.

The worst performers of the session were AXA SA (PA:AXAF), which fell 3.52% or 0.82 points to trade at 22.62 at the close. Total SA (PA:TOTF) declined 3.43% or 1.89 points to end at 53.21 and Veolia Environnement VE SA (PA:VIE) was down 3.27% or 0.565 points to 16.705.

The top performers on the SBF 120 were Ingenico Group (PA:INGC) which rose 7.85% to 67.84, Ubisoft Entertainment (PA:UBIP) which was up 3.49% to settle at 86.580 and DBV Technologies (PA:DBV) which gained 2.46% to close at 31.620.

The worst performers were Technicolor (PA:TCH) which was down 8.22% to 1.106 in late trade, Air France KLM SA (PA:AIRF) which lost 5.75% to settle at 7.994 and CGG SA (PA:GEPH) which was down 5.59% to 2.194 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 531 to 87 and 56 ended unchanged.

Shares in Veolia Environnement VE SA (PA:VIE) fell to 52-week lows; falling 3.27% or 0.565 to 16.705.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 16.58% to 20.43 a new 6-months high.

Gold Futures for December delivery was up 2.41% or 28.80 to $1222.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.17% or 1.59 to hit $71.58 a barrel, while the December Brent oil contract fell 2.31% or 1.92 to trade at $81.17 a barrel.

EUR/USD was up 0.48% to 1.1577, while EUR/GBP rose 0.45% to 0.8772.

The US Dollar Index Futures was down 0.37% at 94.87.