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France shares lower at close of trade; CAC 40 down 1.32%

Published 2018-05-23, 12:35 p/m
Updated 2018-05-23, 12:35 p/m
© Reuters.  France shares lower at close of trade; CAC 40 down 1.32%

Investing.com – France equities were lower at the close on Wednesday, as losses in the Oil & Gas, Basic Materials and Industrials sectors propelled shares lower.

At the close in Paris, the CAC 40 declined 1.32%, while the SBF 120 index declined 1.22%.

The biggest gainers of the session on the CAC 40 were L’Oreal SA (PA:OREP), which rose 0.73% or 1.50 points to trade at 206.80 at the close. Pernod Ricard SA (PA:PERP) added 0.53% or 0.75 points to end at 141.70 and Orange SA (PA:ORAN) was up 0.47% or 0.07 points to 14.95 in late trade.

Biggest losers included Renault SA (PA:RENA), which lost 5.36% or 4.92 points to trade at 86.95 in late trade. ArcelorMittal SA (AS:MT) declined 4.72% or 1.420 points to end at 28.695 and TechnipFMC PLC (PA:FTI) shed 4.56% or 1.32 points to 27.63.

The top performers on the SBF 120 were Technicolor (PA:TCH) which rose 3.92% to 1.592, Iliad (PA:ILD) which was up 2.72% to settle at 145.40 and SES (PA:SESFd) which gained 2.66% to close at 13.53.

The worst performers were Euronext (PA:ENX) which was down 6.27% to 51.60 in late trade, Renault SA (PA:RENA) which lost 5.36% to settle at 86.95 and ArcelorMittal SA (AS:MT) which was down 4.72% to 28.695 at the close.

Declining stocks outnumbered rising ones by 419 to 154 and 92 ended unchanged on the Paris Stock Exchange.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 14.46% to 14.36 a new 1-month high.

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In commodities trading, Gold Futures for June delivery was down 0.03% or 0.40 to $1291.60 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.75% or 0.54 to hit $71.66 a barrel, while the July Brent oil contract fell 0.49% or 0.39 to trade at $79.18 a barrel.

EUR/USD was down 0.68% to 1.1700, while EUR/GBP fell 0.06% to 0.8765.

The US Dollar Index Futures was up 0.46% at 93.94.

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