France stocks lower at close of trade; CAC 40 down 2.11%

Oct 10, 2018

France stocks were lower after the close on Wednesday, as losses in the Consumer Goods, Basic Materials and Utilities sectors led shares lower.

At the close in Paris, the CAC 40 lost 2.11% to hit a new 6-months low, while the SBF 120 index lost 2.18%.

The best performers of the session on the CAC 40 were Carrefour SA (PA:CARR), which rose 1.96% or 0.30 points to trade at 15.63 at the close. Meanwhile, Orange SA (PA:ORAN) added 1.84% or 0.25 points to end at 13.85 and Sanofi SA (PA:SASY) was up 1.39% or 1.05 points to 76.64 in late trade.

The worst performers of the session were Kering SA (PA:PRTP), which fell 9.62% or 40.60 points to trade at 381.30 at the close. LVMH Moet Hennessy Louis Vuitton SE (PA:LVMH) declined 7.14% or 20.40 points to end at 265.30 and STMicroelectronics NV (PA:STM) was down 5.80% or 0.870 points to 14.130.

The top performers on the SBF 120 were Iliad (PA:ILD) which rose 3.90% to 103.05, Groupe FNAC (PA:FNAC) which was up 3.75% to settle at 62.250 and Metropole TV (PA:MMTP) which gained 2.62% to close at 18.02.

The worst performers were Kering SA (PA:PRTP) which was down 9.62% to 381.30 in late trade, LVMH Moet Hennessy Louis Vuitton SE (PA:LVMH) which lost 7.14% to settle at 265.30 and Ipsos (PA:ISOS) which was down 6.67% to 24.90 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 469 to 130 and 75 ended unchanged.

Shares in STMicroelectronics NV (PA:STM) fell to 52-week lows; down 5.80% or 0.870 to 14.130. Shares in Ipsos (PA:ISOS) fell to 52-week lows; falling 6.67% or 1.78 to 24.90.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 10.09% to 17.52 a new 1-month high.

Gold Futures for December delivery was up 0.10% or 1.20 to $1192.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.07% or 1.55 to hit $73.41 a barrel, while the December Brent oil contract fell 1.76% or 1.50 to trade at $83.50 a barrel.

EUR/USD was up 0.45% to 1.1542, while EUR/GBP fell 0.06% to 0.8737.

The US Dollar Index Futures was down 0.31% at 95.06.