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France stocks lower at close of trade; CAC 40 down 0.65%

Published 01/23/2020, 01:00 PM
Updated 01/23/2020, 01:00 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 0.65%

© Reuters. France stocks lower at close of trade; CAC 40 down 0.65%

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

At the close in Paris, the CAC 40 declined 0.65% to hit a new 1-month low, while the SBF 120 index fell 0.64%.

The best performers of the session on the CAC 40 were STMicroelectronics NV (PA:STM), which rose 6.47% or 1.64 points to trade at 27.00 at the close. Meanwhile, Engie SA (PA:ENGIE) added 1.34% or 0.20 points to end at 15.50 and Safran SA (PA:SAF) was up 1.32% or 1.85 points to 142.10 in late trade.

The worst performers of the session were Renault SA (PA:RENA), which fell 5.06% or 1.97 points to trade at 36.98 at the close. Kering SA (PA:PRTP) declined 3.17% or 18.80 points to end at 573.40 and LVMH Moet Hennessy Louis Vuitton SE (PA:LVMH) was down 2.72% or 11.50 points to 411.95.

The top performers on the SBF 120 were STMicroelectronics NV (PA:STM) which rose 6.47% to 27.00, Soitec SA (PA:SOIT) which was up 4.68% to settle at 85.00 and Tarkett (PA:TKTT) which gained 2.21% to close at 13.40.

The worst performers were Europcar Groupe SA (PA:EUCAR) which was down 5.84% to 4.07 in late trade, Renault SA (PA:RENA) which lost 5.06% to settle at 36.98 and Eramet SA (PA:ERMT) which was down 4.34% to 39.70 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 352 to 221 and 80 ended unchanged.

Shares in STMicroelectronics NV (PA:STM) rose to 5-year highs; gaining 6.47% or 1.64 to 27.00. Shares in Renault SA (PA:RENA) fell to 5-year lows; down 5.06% or 1.97 to 36.98. Shares in Engie SA (PA:ENGIE) rose to 3-years highs; rising 1.34% or 0.20 to 15.50. Shares in STMicroelectronics NV (PA:STM) rose to 5-year highs; rising 6.47% or 1.64 to 27.00. Shares in Renault SA (PA:RENA) fell to 5-year lows; down 5.06% or 1.97 to 36.98.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 6.54% to 13.62.

Gold Futures for February delivery was up 0.64% or 9.95 to $1566.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 3.15% or 1.79 to hit $54.95 a barrel, while the March Brent oil contract fell 2.78% or 1.76 to trade at $61.45 a barrel.

EUR/USD was down 0.36% to 1.1051, while EUR/GBP fell 0.10% to 0.8429.

The US Dollar Index Futures was up 0.21% at 97.502.

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