France stocks lower at close of trade; CAC 40 down 3.31%

6 Dec 2018

France stocks lower at close of trade; CAC 40 down 3.31%

– France stocks were lower after the close on Thursday, as losses in the Industrials, Technology and Oil & Gas sectors led shares lower.

At the close in Paris, the CAC 40 declined 3.31% to hit a new 52-week low, while the SBF 120 index fell 3.38%.

The best performers of the session on the CAC 40 were Publicis Groupe SA (PA:PUBP), which fell 1.26% or 0.62 points to trade at 48.64 at the close. Meanwhile, Dassault Systemes (PA:DAST) fell 1.27% or 1.35 points to end at 104.70 and EssilorLuxottica SA (PA:ESLX) was down 1.65% or 1.85 points to 110.25 in late trade.

The worst performers of the session were Atos SE (PA:ATOS), which fell 6.50% or 4.70 points to trade at 67.66 at the close. Capgemini SE (PA:CAPP) declined 6.42% or 6.63 points to end at 96.62 and STMicroelectronics NV (PA:STM) was down 5.98% or 0.770 points to 12.110.

The top performers on the SBF 120 were Genfit (PA:GNFT) which rose 5.94% to 21.400, Mercialys (PA:MERY) which was up 0.49% to settle at 12.24 and Ipsos (PA:ISOS) which gained 0.30% to close at 20.10.

The worst performers were Spie SA (PA:SPIE) which was down 7.80% to 11.110 in late trade, Faurecia (PA:EPED) which lost 7.34% to settle at 31.31 and CGG SA (PA:GEPH) which was down 7.32% to 1.240 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 542 to 67 and 62 ended unchanged.

Shares in Publicis Groupe SA (PA:PUBP) fell to 5-year lows; losing 1.26% or 0.62 to 48.64. Shares in Spie SA (PA:SPIE) fell to all time lows; falling 7.80% or 0.940 to 11.110. Shares in Faurecia (PA:EPED) fell to 52-week lows; down 7.34% or 2.48 to 31.31. Shares in CGG SA (PA:GEPH) fell to 52-week lows; losing 7.32% or 0.098 to 1.240.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 23.21% to 24.20 a new 6-months high.

Gold Futures for February delivery was up 0.29% or 3.55 to $1246.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 3.29% or 1.74 to hit $51.15 a barrel, while the February Brent oil contract fell 3.43% or 2.11 to trade at $59.45 a barrel.

EUR/USD was up 0.37% to 1.1386, while EUR/GBP fell 0.07% to 0.8903.

The US Dollar Index Futures was down 0.34% at 96.678.

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