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France shares lower at close of trade; CAC 40 down 0.50%

Published 23-10-2024, 09:35 pm
© Reuters.  France shares lower at close of trade; CAC 40 down 0.50%
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Investing.com – France equities were lower at the close on Wednesday, as losses in the CAC Basic Materials, CAC Consumer Service and CAC Financials sectors led shares lower.

At the close in Paris, the CAC 40 fell 0.50%, while the SBF 120 index fell 0.50%.

The biggest gainers of the session on the CAC 40 were Stellantis NV (EPA:STLAM), which rose 2.93% or 0.35 points to trade at 12.38 at the close. STMicroelectronics NV (EPA:STMPA) added 1.84% or 0.47 points to end at 26.03 and Edenred SA (EPA:EDEN) was up 1.33% or 0.45 points to 34.41 in late trade.

Biggest losers included L’Oreal SA (EPA:OREP), which fell 2.49% or 9.15 points to trade at 358.10 in late trade. Vivendi SA (EPA:VIV) declined 1.82% or 0.19 points to end at 10.24 and Pernod Ricard SA (EPA:PERP) down 1.50% or 1.90 points to 125.00.

The top performers on the SBF 120 were Verallia (EPA:VRLA) which rose 11.42% to 28.48, ID Logistics SAS (EPA:IDLA) which was up 6.04% to settle at 404.00 and Stellantis NV (EPA:STLAM) which gained 2.93% to close at 12.38.

The worst performers were Eramet SA (EPA:ERMT) which was down 4.75% to 50.15 in late trade, Vusiongroup SA (EPA:VU) which lost 3.44% to settle at 137.50 and Forvia (EPA:FRVIA) which was down 3.12% to 8.56 at the close.

Falling stocks outnumbered advancing ones by 297 to 191 and 103 ended unchanged on the Paris Stock Exchange.

Shares in L’Oreal SA (EPA:OREP) fell to 52-week lows; falling 2.49% or 9.15 to 358.10. Shares in Eramet SA (EPA:ERMT) fell to 3-year lows; falling 4.75% or 2.50 to 50.15.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00% to 18.96 a new 52-week high.

Gold Futures for December delivery was down 0.94% or 26.00 to $2,733.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.53% or 1.10 to hit $70.64 a barrel, while the December Brent oil contract fell 1.51% or 1.15 to trade at $74.89 a barrel.

EUR/USD was unchanged 0.18% to 1.08, while EUR/GBP unchanged 0.14% to 0.83.

The US Dollar Index Futures was up 0.37% at 104.29.

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