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France shares higher at close of trade; CAC 40 up 0.70%

Published 03/05/2017, 02:35 am
© Reuters.  France shares higher at close of trade; CAC 40 up 0.70%
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Investing.com – France equities were higher at the close on Tuesday, as gains in the Utilities, Technology and Financials sectors propelled shares higher.

At the close in Paris, the CAC 40 gained 0.70% to hit a new 5-year high, while the SBF 120 index added 0.79%.

The biggest gainers of the session on the CAC 40 were TechnipFMC PLC (PA:FTI), which rose 3.15% or 0.87 points to trade at 28.47 at the close. Compagnie de Saint Gobain SA (PA:SGOB) added 2.16% or 1.07 points to end at 50.62 and Legrand SA (PA:LEGD) was up 2.02% or 1.20 points to 60.63 in late trade.

Biggest losers included Publicis Groupe SA (PA:PUBP), which lost 1.28% or 0.85 points to trade at 65.42 in late trade. Renault SA (PA:RENA) declined 1.02% or 0.87 points to end at 84.74 and Peugeot SA (PA:PEUP) shed 0.96% or 0.18 points to 19.05.

The top performers on the SBF 120 were Soitec SA (PA:SOIT) which rose 5.38% to 41.100, Electricite de France SA (PA:EDF) which was up 3.40% to settle at 7.93 and TechnipFMC PLC (PA:FTI) which gained 3.15% to close at 28.47.

The worst performers were Vallourec (PA:VLLP) which was down 2.38% to 5.742 in late trade, Publicis Groupe SA (PA:PUBP) which lost 1.28% to settle at 65.42 and Neopost (PA:NPOS) which was down 1.15% to 36.80 at the close.

Advancing stocks outnumbered falling ones by 393 to 237 and 80 ended unchanged on the Paris Stock Exchange.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 0.99% to 18.43.

In commodities trading, Gold Futures for June delivery was up 0.08% or 0.96 to $1256.46 a troy ounce. Meanwhile, Crude oil for delivery in June fell 1.06% or 0.52 to hit $48.32 a barrel, while the July Brent oil contract fell 0.85% or 0.44 to trade at $51.08 a barrel.

EUR/USD was up 0.12% to 1.0911, while EUR/GBP fell 0.20% to 0.8443.

The US Dollar Index Futures was down 0.02% at 98.96.

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