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France shares lower at close of trade; CAC 40 down 2.35%

Published 07/02/2018, 04:35 am
© Reuters.  France shares lower at close of trade; CAC 40 down 2.35%
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99V33V1Z3=MSIL
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Investing.com – France equities were lower at the close on Tuesday, as losses in the Oil & Gas, Utilities and Financials sectors propelled shares lower.

At the close in Paris, the CAC 40 lost 2.35% to hit a new 3-month low, while the SBF 120 index lost 2.29%.

The biggest gainers of the session on the CAC 40 were Compagnie Generale des Etablissements Michelin SCA (PA:MICP), which rose 0.12% or 0.15 points to trade at 123.45 at the close. Sodexo (PA:EXHO) fell 0.17% or 0.17 points to end at 98.01 and Publicis Groupe SA (PA:PUBP) was down 0.73% or 0.40 points to 54.10 in late trade.

Biggest losers included TechnipFMC PLC (PA:FTI), which lost 4.34% or 1.15 points to trade at 25.33 in late trade. Kering SA (PA:PRTP) declined 3.78% or 14.70 points to end at 374.20 and ArcelorMittal SA (AS:MT) shed 3.61% or 1.015 points to 27.090.

The top performers on the SBF 120 were Tarkett (PA:TKTT) which rose 0.67% to 30.18, Arkema (PA:AKE) which was up 0.53% to settle at 100.25 and Compagnie Generale des Etablissements Michelin SCA (PA:MICP) which gained 0.12% to close at 123.45.

The worst performers were Genfit (PA:GNFT) which was down 5.06% to 24.400 in late trade, DBV Technologies (PA:DBV) which lost 4.71% to settle at 33.960 and Natixis (PA:CNAT) which was down 4.48% to 6.824 at the close.

Declining stocks outnumbered rising ones by 598 to 54 and 47 ended unchanged on the Paris Stock Exchange.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 39.46% to 24.76 a new 6-month high.

In commodities trading, Gold Futures for April delivery was down 0.44% or 5.90 to $1330.60 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.27% or 0.17 to hit $63.98 a barrel, while the April Brent oil contract fell 0.56% or 0.38 to trade at $67.24 a barrel.

EUR/USD was up 0.15% to 1.2387, while EUR/GBP rose 0.15% to 0.8872.

The US Dollar Index Futures was down 0.09% at 89.49.

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