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France stocks lower at close of trade; CAC 40 down 2.68%

Published 07/05/2022, 01:00 PM
Updated 07/05/2022, 01:00 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 2.68%

© Reuters. France stocks lower at close of trade; CAC 40 down 2.68%

Investing.com – France stocks were lower after the close on Tuesday, as losses in the Technology, Utilities and Industrials sectors led shares lower.

At the close in Paris, the CAC 40 lost 2.68% to hit a new 52-week low, while the SBF 120 index lost 2.65%.

The best performers of the session on the CAC 40 were Pernod Ricard SA (EPA:PERP), which rose 0.86% or 1.50 points to trade at 176.45 at the close. Meanwhile, Schneider Electric SE (EPA:SCHN) added 0.16% or 0.18 points to end at 112.18 and Dassault Systemes SE (EPA:DAST) was up 0.11% or 0.04 points to 35.04 in late trade.

The worst performers of the session were AXA SA (EPA:AXAF), which fell 6.45% or 1.40 points to trade at 20.38 at the close. TotalEnergies SE (EPA:TTEF) declined 6.42% or 3.37 points to end at 49.06 and Renault SA (EPA:RENA) was down 5.84% or 1.41 points to 22.73.

The top performers on the SBF 120 were Valneva (EPA:VLS) which rose 10.15% to 11.12, Orpea SA (EPA:ORP) which was up 8.04% to settle at 25.40 and Remy Cointreau (EPA:RCOP) which gained 4.62% to close at 174.40.

The worst performers were Vallourec (EPA:VLLP) which was down 10.33% to 9.23 in late trade, Coface (EPA:COFA) which lost 8.86% to settle at 9.30 and Eramet SA (EPA:ERMT) which was down 8.72% to 87.90 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 404 to 154 and 85 ended unchanged.

Shares in AXA SA (EPA:AXAF) fell to 52-week lows; down 6.45% or 1.40 to 20.38.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00% to 18.96 a new 52-week high.

Gold Futures for August delivery was down 1.93% or 34.85 to $1,766.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 9.26% or 10.04 to hit $98.39 a barrel, while the September Brent oil contract fell 10.05% or 11.41 to trade at $102.09 a barrel.

EUR/USD was down 1.69% to 1.02, while EUR/GBP unchanged 0.19% to 0.86.

The US Dollar Index Futures was up 1.52% at 106.50.

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