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

Published 2016-06-27, 12:35 p/m
France shares lower at close of trade; CAC 40 down 2.97%
FCHI
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ACCP
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AXAF
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PEUP
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ORAN
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SASY
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NOKIA
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RXL
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SGPEF
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EMEIS
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JCDX
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GETP
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SBF120
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FRIN
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FRFIN
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FRTEC
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VCAC
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Investing.com – France equities were lower at the close on Monday, as losses in the Financials, Industrials and Technology sectors propelled shares lower.

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

The biggest gainers 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. 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.

Biggest losers included AXA SA (PA:AXAF), which lost 9.76% or 1.77 points to trade at 16.41 in late trade. Accor SA (PA:ACCP) declined 9.27% or 3.36 points to end at 32.88 and Peugeot SA (PA:PEUP) shed 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.

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

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

In commodities trading, Gold for August delivery was up 0.17% or 2.25 to $1324.65 a troy ounce. Meanwhile, 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 2.90% or 1.42 to trade at $47.62 a barrel.

EUR/USD was down 0.80% to 1.1028, while EUR/GBP rose 2.83% to 0.8356.

The US Dollar Index was up 0.92% at 96.51.

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