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France shares lower at close of trade; CAC 40 down 1.98%

Published 08/02/2018, 17:35
© Reuters.  France shares lower at close of trade; CAC 40 down 1.98%
FCHI
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AIRF
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PERP
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SOGN
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STMPA
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PRTP
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PUBP
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SCOR
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KORI
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Investing.com – France equities were lower at the close on Thursday, as losses in the Basic Materials, Technology and Healthcare sectors propelled shares lower.

At the close in Paris, the CAC 40 lost 1.98% to hit a new 3-month low, while the SBF 120 index lost 1.98%.

The biggest gainers of the session on the CAC 40 were Publicis Groupe SA (PA:PUBP), which rose 3.95% or 2.20 points to trade at 57.94 at the close. Pernod Ricard SA (PA:PERP) added 2.13% or 2.65 points to end at 127.30 and Societe Generale (PA:SOGN) was up 1.95% or 0.87 points to 45.13 in late trade.

Biggest losers included STMicroelectronics (PA:STM), which lost 5.70% or 1.045 points to trade at 17.295 in late trade. Kering SA (PA:PRTP) declined 4.17% or 16.20 points to end at 372.30 and Legrand SA (PA:LEGD) shed 3.99% or 2.56 points to 61.60.

The top performers on the SBF 120 were Publicis Groupe SA (PA:PUBP) which rose 3.95% to 57.94, SES (PA:SESFd) which was up 3.34% to settle at 12.69 and SCOR SE (PA:SCOR) which gained 2.31% to close at 35.50.

The worst performers were Korian Medica SA (PA:KORI) which was down 8.59% to 22.980 in late trade, Sopra Steria Group SA (PA:SOPR) which lost 5.95% to settle at 148.60 and Air France KLM SA (PA:AIRF) which was down 5.89% to 10.870 at the close.

Declining stocks outnumbered rising ones by 441 to 157 and 85 ended unchanged on the Paris Stock Exchange.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 71.43% to 30.45 a new 52-week high.

In commodities trading, Gold Futures for April delivery was up 0.66% or 8.70 to $1323.30 a troy ounce. Meanwhile, Crude oil for delivery in March fell 1.60% or 0.99 to hit $60.80 a barrel, while the April Brent oil contract fell 1.45% or 0.95 to trade at $64.56 a barrel.

EUR/USD was down 0.19% to 1.2239, while EUR/GBP fell 0.43% to 0.8798.

The US Dollar Index Futures was up 0.08% at 90.23.

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