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France stocks lower at close of trade; CAC 40 down 3.38%

Published 02/28/2020, 01:00 PM
Updated 02/28/2020, 01:00 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 3.38%

© Reuters. France stocks lower at close of trade; CAC 40 down 3.38%

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

At the close in Paris, the CAC 40 lost 3.38% to hit a new 6-months low, while the SBF 120 index fell 3.37%.

The best performers of the session on the CAC 40 were LVMH Moet Hennessy Louis Vuitton SE (PA:LVMH), which rose 0.27% or 1.00 points to trade at 370.85 at the close. Meanwhile, Publicis Groupe SA (PA:PUBP) fell 0.68% or 0.24 points to end at 34.98 and Kering SA (PA:PRTP) was down 1.15% or 5.90 points to 505.80 in late trade.

The worst performers of the session were TechnipFMC PLC (PA:FTI), which fell 7.17% or 1.03 points to trade at 13.33 at the close. Bouygues SA (PA:BOUY) declined 6.14% or 2.32 points to end at 35.48 and Engie SA (PA:ENGIE) was down 6.09% or 0.97 points to 15.03.

The top performers on the SBF 120 were SEB SA (PA:SEBF) which rose 5.02% to 119.20, Television Francaise 1 SA (PA:TFFP) which was up 2.82% to settle at 6.92 and Eramet SA (PA:ERMT) which gained 1.66% to close at 29.42.

The worst performers were Lagardere SCA (PA:LAGA) which was down 9.74% to 15.66 in late trade, Quadient SA (PA:QDT) which lost 7.74% to settle at 19.32 and Dassault Aviation SA (PA:AVMD) which was down 7.49% to 939.00 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 553 to 80 and 44 ended unchanged.

Shares in TechnipFMC PLC (PA:FTI) fell to 5-year lows; falling 7.17% or 1.03 to 13.33. Shares in Publicis Groupe SA (PA:PUBP) fell to 5-year lows; down 0.68% or 0.24 to 34.98. Shares in Lagardere SCA (PA:LAGA) fell to 5-year lows; losing 9.74% or 1.69 to 15.66. Shares in Dassault Aviation SA (PA:AVMD) fell to 3-years lows; down 7.49% or 76.00 to 939.00.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 36.37% to 36.19 a new 3-years high.

Gold Futures for April delivery was down 3.53% or 57.95 to $1584.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 4.74% or 2.23 to hit $44.86 a barrel, while the May Brent oil contract fell 3.36% or 1.74 to trade at $49.99 a barrel.

EUR/USD was up 0.03% to 1.1001, while EUR/GBP rose 1.03% to 0.8621.

The US Dollar Index Futures was down 0.11% at 98.352.

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