France stocks lower at close of trade; CAC 40 down 1.54%

France stocks lower at close of trade; CAC 40 down 1.54%

Sep 05, 2018

France stocks were lower after the close on Wednesday, as losses in the Technology, Consumer Goods and Oil&Gas sectors led shares lower.

At the close in Paris, the CAC 40 lost 1.54% to hit a new 3-months low, while the SBF 120 index lost 1.50%.

The best performers of the session on the CAC 40 were Credit Agricole SA (PA:CAGR), which rose 1.61% or 0.194 points to trade at 12.274 at the close. Meanwhile, Societe Generale SA (PA:SOGN) added 1.22% or 0.43 points to end at 36.13 and Compagnie de Saint Gobain SA (PA:SGOB) was up 0.54% or 0.20 points to 36.38 in late trade.

The worst performers of the session were STMicroelectronics NV (PA:STM), which fell 4.49% or 0.775 points to trade at 16.490 at the close. TechnipFMC PLC (PA:FTI) declined 3.74% or 0.98 points to end at 25.21 and LVMH Moet Hennessy Louis Vuitton SE (PA:LVMH) was down 3.58% or 10.45 points to 281.25.

The top performers on the SBF 120 were JC Decaux SA (PA:JCDX) which rose 5.56% to 29.26, Biomerieux SA (PA:BIOX) which was up 4.71% to settle at 77.80 and Soitec SA (PA:SOIT) which gained 2.01% to close at 66.000.

The worst performers were Iliad (PA:ILD) which was down 6.73% to 107.45 in late trade, Worldline SA (PA:WLN) which lost 5.21% to settle at 49.100 and STMicroelectronics NV (PA:STM) which was down 4.49% to 16.490 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 440 to 124 and 96 ended unchanged.

Shares in Iliad (PA:ILD) fell to 5-year lows; down 6.73% or 7.75 to 107.45.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 6.34% to 16.62.

Gold Futures for December delivery was up 0.28% or 3.30 to $1202.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.16% or 0.81 to hit $69.06 a barrel, while the November Brent oil contract fell 0.88% or 0.69 to trade at $77.48 a barrel.

EUR/USD was up 0.35% to 1.1623, while EUR/GBP fell 0.10% to 0.9002.

The US Dollar Index Futures was down 0.26% at 95.12.

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