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France shares higher at close of trade; CAC 40 up 2.62%

Published 05/04/2018, 17:35
Updated 05/04/2018, 17:35
© Reuters.  France shares higher at close of trade; CAC 40 up 2.62%

Investing.com – France equities were higher at the close on Thursday, as gains in the Basic Materials, Oil & Gas and Consumer Services sectors propelled shares higher.

At the close in Paris, the CAC 40 rose 2.62%, while the SBF 120 index added 2.49%.

The biggest gainers of the session on the CAC 40 were TechnipFMC PLC (PA:FTI), which rose 5.86% or 1.36 points to trade at 24.57 at the close. ArcelorMittal SA (AS:MT) added 5.58% or 1.380 points to end at 26.095 and Safran SA (PA:SAF) was up 4.59% or 3.84 points to 87.44 in late trade.

Biggest losers included Compagnie Generale des Etablissements Michelin SCA (PA:MICP), which added 0.76% or 0.90 points to trade at 119.30 in late trade. Legrand SA (PA:LEGD) added 0.90% or 0.56 points to end at 63.00 and Veolia Environnement VE SA (PA:VIE) gained 0.94% or 0.179 points to 19.239.

The top performers on the SBF 120 were Ubisoft Entertainment (PA:UBIP) which rose 10.77% to 73.860, Soitec SA (PA:SOIT) which was up 6.29% to settle at 59.950 and Vallourec (PA:VLLP) which gained 6.14% to close at 4.460.

The worst performers were Solocal Group SA (PA:LOCAL) which was down 1.46% to 1.148 in late trade, ALD SA (PA:ALDA) which lost 0.89% to settle at 13.30 and Genfit (PA:GNFT) which was down 0.34% to 23.280 at the close.

Advancing stocks outnumbered falling ones by 400 to 147 and 104 ended unchanged on the Paris Stock Exchange.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 13.90% to 15.89.

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In commodities trading, Gold Futures for June delivery was down 0.84% or 11.30 to $1328.90 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.41% or 0.26 to hit $63.63 a barrel, while the June Brent oil contract rose 0.56% or 0.38 to trade at $68.40 a barrel.

EUR/USD was down 0.31% to 1.2239, while EUR/GBP rose 0.23% to 0.8741.

The US Dollar Index Futures was up 0.41% at 90.15.

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