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France shares lower at close of trade; CAC 40 down 0.72%

Published 08/10/2024, 17:05
Updated 08/10/2024, 17:06
© Reuters.  France shares lower at close of trade; CAC 40 down 0.72%
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Investing.com – France equities were lower at the close on Tuesday, as losses in the Consumer Goods, Oil & Gas and Consumer Services sectors propelled shares lower.

At the close in Paris, the CAC 40 lost 0.72%, while the SBF 120 index declined 0.69%.

The biggest gainers of the session on the CAC 40 were Renault SA (EPA:RENA), which rose 2.95% or 1.09 points to trade at 38.09 at the close. Thales (EPA:TCFP) added 1.90% or 2.80 points to end at 150.10 and Orange SA (EPA:ORAN) was up 1.72% or 0.17 points to 10.08 in late trade.

Biggest losers included Kering SA (EPA:PRTP), which lost 4.45% or 11.00 points to trade at 236.35 in late trade. Pernod Ricard SA (EPA:PERP) declined 4.18% or 5.50 points to end at 125.95 and LVMH Moet Hennessy Louis Vuitton SE (EPA:LVMH) shed 3.57% or 24.30 points to 655.50.

The top performers on the SBF 120 were Emeis SA (EPA:EMEIS) which rose 6.98% to 5.73, Air France KLM SA (EPA:AIRF) which was up 2.95% to settle at 8.38 and Renault SA (EPA:RENA) which gained 2.95% to close at 38.09.

The worst performers were Remy Cointreau (EPA:RCOP) which was down 6.37% to 61.75 in late trade, Mersen (EPA:CBLP) which lost 6.29% to settle at 26.80 and Aperam SA (AS:APAM) which was down 4.69% to 26.80 at the close.

Declining stocks outnumbered rising ones by 292 to 208 and 97 ended unchanged on the Paris Stock Exchange.

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.

In commodities trading, Gold Futures for December delivery was down 1.27% or 33.80 to $2,632.20 a troy ounce. Meanwhile, Crude oil for delivery in November fell 4.42% or 3.41 to hit $73.73 a barrel, while the December Brent oil contract fell 4.41% or 3.57 to trade at $77.36 a barrel.

EUR/USD was unchanged 0.02% to 1.10, while EUR/GBP unchanged 0.09% to 0.84.

The US Dollar Index Futures was up 0.01% at 102.31.

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