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France stocks higher at close of trade; CAC 40 up 0.61%

Published 09/07/2016, 12:35 PM
Updated 09/07/2016, 12:35 PM
© Reuters.  France stocks higher at close of trade; CAC 40 up 0.61%

Investing.com – France stocks were higher after the close on Wednesday, as gains in the Technology, Oil & Gas and Basic Materials sectors led shares higher.

At the close in Paris, the CAC 40 gained 0.61% to hit a new 3-months high, while the SBF 120 index climbed 0.61%.

The best performers of the session on the CAC 40 were ArcelorMittal SA (AS:ISPA), which rose 2.92% or 0.161 points to trade at 5.670 at the close. Meanwhile, Compagnie Generale des Etablissements Michelin SCA (PA:MICP) added 2.43% or 2.33 points to end at 98.22 and Lafargeholcim Ltd (PA:LHN) was up 2.29% or 1.09 points to 48.61 in late trade.

The worst performers of the session were Engie SA (PA:ENGIE), which fell 0.61% or 0.09 points to trade at 14.67 at the close. Technip (PA:TECF) declined 0.30% or 0.16 points to end at 52.89 and Essilor International Compagnie Generale d’Optique SA (PA:ESSI) was down 0.21% or 0.25 points to 116.75.

The top performers on the SBF 120 were Iliad (PA:ILD) which rose 3.67% to 192.00, Television Francaise 1 SA (PA:TFFP) which was up 3.66% to settle at 9.128 and Casino Guichard (PA:CASP) which gained 3.41% to close at 46.74.

The worst performers were Spie SA (PA:SPIE) which was down 1.79% to 17.035 in late trade, Innate Pharma (PA:IPH) which lost 1.27% to settle at 10.900 and Air France KLM SA (PA:AIRF) which was down 1.26% to 5.015 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 402 to 250 and 105 ended unchanged.

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Shares in Compagnie Generale des Etablissements Michelin SCA (PA:MICP) rose to 52-week highs; rising 2.43% or 2.33 to 98.22.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 2.94% to 17.59.

Gold for December delivery was down 0.48% or 6.45 to $1347.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.34% or 0.60 to hit $45.43 a barrel, while the November Brent oil contract rose 1.42% or 0.67 to trade at $47.93 a barrel.

EUR/USD was down 0.21% to 1.1231, while EUR/GBP rose 0.63% to 0.8429.

The US Dollar Index was up 0.24% at 95.03.

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