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France stocks lower at close of trade; CAC 40 down 2.97%

Published 06/27/2016, 12:35 PM
Updated 06/27/2016, 12:35 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 2.97%

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

At the close in Paris, the CAC 40 fell 2.97% to hit a new 3-months low, while the SBF 120 index lost 3.37%.

The best performers of the session on the CAC 40 were Sanofi SA (PA:SASY), which rose 1.51% or 1.05 points to trade at 70.42 at the close. Meanwhile, Nokia Oyj (PA:NOKIA) fell 0.33% or 0.015 points to end at 4.595 and Orange SA (PA:ORAN) was down 0.59% or 0.08 points to 13.59 in late trade.

The worst performers of the session were AXA SA (PA:AXAF), which fell 9.76% or 1.77 points to trade at 16.41 at the close. Accor SA (PA:ACCP) declined 9.27% or 3.36 points to end at 32.88 and Peugeot SA (PA:PEUP) was down 9.01% or 1.05 points to 10.65.

The top performers on the SBF 120 were Sanofi SA (PA:SASY) which rose 1.51% to 70.42, Orpea (PA:ORP) which was up 0.04% to settle at 70.30 and Saft (PA:S1A) which unchanged 0.00% to close at 36.50.

The worst performers were Groupe Eurotunnel (PA:GETP) which was down 17.00% to 8.300 in late trade, Rexel (PA:RXL) which lost 14.99% to settle at 10.12 and JC Decaux SA (PA:JCDX) which was down 11.34% to 28.89 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 540 to 144 and 86 ended unchanged.

Shares in AXA SA (PA:AXAF) fell to 52-week lows; losing 9.76% or 1.77 to 16.41. Shares in Peugeot SA (PA:PEUP) fell to 52-week lows; down 9.01% or 1.05 to 10.65. Shares in Groupe Eurotunnel (PA:GETP) fell to 52-week lows; losing 17.00% or 1.700 to 8.300. Shares in JC Decaux SA (PA:JCDX) fell to 52-week lows; down 11.34% or 3.69 to 28.89.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 4.17% to 32.55.

Gold for August delivery was up 0.17% or 2.25 to $1324.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 2.98% or 1.42 to hit $46.22 a barrel, while the September Brent oil contract fell 2.88% or 1.41 to trade at $47.63 a barrel.

EUR/USD was down 0.80% to 1.1028, while EUR/GBP rose 2.82% to 0.8355.

The US Dollar Index was up 0.92% at 96.51.

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