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France stocks higher at close of trade; CAC 40 up 2.22%

Published 04/29/2020, 01:00 PM
Updated 04/29/2020, 01:00 PM
© Reuters.  France stocks higher at close of trade; CAC 40 up 2.22%

Investing.com – France stocks were higher after the close on Wednesday, as gains in the Foods & Drugs, Gas & Water and General Financial sectors led shares higher.

At the close in Paris, the CAC 40 rose 2.22% to hit a new 1-month high, while the SBF 120 index climbed 2.29%.

The best performers of the session on the CAC 40 were ArcelorMittal SA (AS:MT), which rose 12.65% or 1.21 points to trade at 10.75 at the close. Meanwhile, Airbus Group SE (PA:AIR) added 10.42% or 5.51 points to end at 58.39 and Renault SA (PA:RENA) was up 7.89% or 1.43 points to 19.60 in late trade.

The worst performers of the session were Sanofi SA (PA:SASY), which fell 1.62% or 1.49 points to trade at 90.70 at the close. Dassault Systemes SE (PA:DAST) declined 0.80% or 1.10 points to end at 136.20 and Orange SA (PA:ORAN) was down 0.44% or 0.05 points to 11.20.

The top performers on the SBF 120 were Spie SA (PA:SPIE) which rose 15.68% to 13.50, Elis Services SA (PA:ELIS) which was up 13.08% to settle at 10.68 and ArcelorMittal SA (AS:MT) which gained 12.65% to close at 10.75.

The worst performers were GTT (PA:GTT) which was down 4.29% to 68.00 in late trade, Lagardere SCA (PA:LAGA) which lost 4.25% to settle at 15.10 and Ipsen SA (PA:IPN) which was down 3.93% to 64.85 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 396 to 193 and 74 ended unchanged.

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The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 9.74% to 27.81 a new 1-month low.

Gold Futures for June delivery was down 0.57% or 9.85 to $1712.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 27.63% or 3.41 to hit $15.75 a barrel, while the July Brent oil contract rose 7.39% or 1.68 to trade at $24.42 a barrel.

EUR/USD was up 0.28% to 1.0848, while EUR/GBP rose 0.24% to 0.8724.

The US Dollar Index Futures was down 0.10% at 99.830.

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