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France stocks lower at close of trade; CAC 40 down 1.94%

Published 02/25/2020, 01:00 PM
Updated 02/25/2020, 01:00 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 1.94%

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

At the close in Paris, the CAC 40 declined 1.94% to hit a new 3-months low, while the SBF 120 index lost 1.89%.

The best performers of the session on the CAC 40 were Carrefour SA (PA:CARR), which rose 0.73% or 0.12 points to trade at 15.84 at the close. Meanwhile, Danone SA (PA:DANO) added 0.06% or 0.04 points to end at 67.58 and Vivendi SA (PA:VIV) was down 0.28% or 0.07 points to 24.83 in late trade.

The worst performers of the session were BNP Paribas SA (PA:BNPP), which fell 4.88% or 2.50 points to trade at 48.70 at the close. TechnipFMC PLC (PA:FTI) declined 4.05% or 0.61 points to end at 14.44 and Societe Generale SA (PA:SOGN) was down 3.64% or 1.09 points to 28.85.

The top performers on the SBF 120 were Arkema SA (PA:AKE) which rose 6.44% to 89.90, Lagardere SCA (PA:LAGA) which was up 0.89% to settle at 18.16 and Carrefour SA (PA:CARR) which gained 0.73% to close at 15.84.

The worst performers were Europcar Groupe SA (PA:EUCAR) which was down 9.34% to 3.32 in late trade, CGG SA (PA:GEPH) which lost 8.84% to settle at 2.434 and Vallourec (PA:VLLP) which was down 6.31% to 1.914 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 455 to 141 and 67 ended unchanged.

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Shares in Vallourec (PA:VLLP) fell to 52-week lows; down 6.31% or 0.129 to 1.914.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 9.80% to 24.34 a new 52-week high.

Gold Futures for April delivery was down 1.54% or 25.75 to $1650.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.73% or 0.89 to hit $50.54 a barrel, while the May Brent oil contract fell 1.78% or 0.99 to trade at $54.78 a barrel.

EUR/USD was up 0.28% to 1.0882, while EUR/GBP fell 0.33% to 0.8363.

The US Dollar Index Futures was down 0.41% at 98.880.

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