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France shares lower at close of trade; CAC 40 down 1.70%

Published 29/05/2019, 18:00
Updated 29/05/2019, 18:00
© Reuters.  France shares lower at close of trade; CAC 40 down 1.70%

© Reuters. France shares lower at close of trade; CAC 40 down 1.70%

Investing.com – France equities were lower at the close on Wednesday, as losses in the Healthcare, Technology and Basic Materials sectors propelled shares lower.

At the close in Paris, the CAC 40 declined 1.70% to hit a new 3-month low, while the SBF 120 index lost 1.66%.

The biggest gainers of the session on the CAC 40 were Renault SA (PA:RENA), which rose 0.62% or 0.35 points to trade at 56.85 at the close. Bouygues SA (PA:BOUY) added 0.16% or 0.05 points to end at 31.50 and Vivendi SA (PA:VIV) was up 0.08% or 0.02 points to 23.65 in late trade.

Biggest losers included BNP Paribas SA (PA:BNPP), which lost 6.68% or 2.96 points to trade at 41.33 in late trade. Valeo SA (PA:VLOF) declined 4.23% or 1.13 points to end at 25.56 and ArcelorMittal SA (AS:MT) shed 4.16% or 0.588 points to 13.536.

The top performers on the SBF 120 were Electricite de France SA (PA:EDF) which rose 2.66% to 12.34, Trigano SA (PA:TRIA) which was up 0.85% to settle at 70.90 and Lagardere SCA (PA:LAGA) which gained 0.65% to close at 21.60.

The worst performers were BNP Paribas SA (PA:BNPP) which was down 6.68% to 41.33 in late trade, Spie SA (PA:SPIE) which lost 5.26% to settle at 15.680 and Ipsos (PA:ISOS) which was down 4.99% to 23.80 at the close.

Declining stocks outnumbered rising ones by 389 to 159 and 87 ended unchanged on the Paris Stock Exchange.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 7.96% to 17.00.

In commodities trading, Gold Futures for June delivery was up 0.37% or 4.75 to $1281.85 a troy ounce. Meanwhile, Crude oil for delivery in July fell 2.11% or 1.25 to hit $57.89 a barrel, while the August Brent oil contract fell 1.95% or 1.34 to trade at $67.33 a barrel.

EUR/USD was down 0.24% to 1.1134, while EUR/GBP rose 0.05% to 0.8823.

The US Dollar Index Futures was up 0.19% at 98.032.

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