France shares lower at close of trade; CAC 40 down 2.11%

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France shares lower at close of trade; CAC 40 down 2.11%
Credit: © Reuters.

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

At the close in Paris, the CAC 40 declined 2.11% to hit a new 6-month low, while the SBF 120 index lost 2.18%.

The biggest gainers of the session on the CAC 40 were Carrefour SA (PA: CARR ), which rose 1.96% or 0.30 points to trade at 15.63 at the close. Orange SA (PA: ORAN ) added 1.84% or 0.25 points to end at 13.85 and Sanofi SA (PA: SASY ) was up 1.39% or 1.05 points to 76.64 in late trade.

Biggest losers included Kering SA (PA: PRTP ), which lost 9.62% or 40.60 points to trade at 381.30 in late trade. LVMH Moet Hennessy Louis Vuitton SE (PA: LVMH ) declined 7.14% or 20.40 points to end at 265.30 and STMicroelectronics NV (PA: STM ) shed 5.80% or 0.870 points to 14.130.

The top performers on the SBF 120 were Iliad (PA: ILD ) which rose 3.90% to 103.05, Groupe FNAC (PA: FNAC ) which was up 3.75% to settle at 62.250 and Metropole TV (PA: MMTP ) which gained 2.62% to close at 18.02.

The worst performers were Kering SA (PA: PRTP ) which was down 9.62% to 381.30 in late trade, LVMH Moet Hennessy Louis Vuitton SE (PA: LVMH ) which lost 7.14% to settle at 265.30 and Ipsos (PA: ISOS ) which was down 6.67% to 24.90 at the close.

Declining stocks outnumbered rising ones by 469 to 130 and 75 ended unchanged on the Paris Stock Exchange.

The CAC 40 VIX , which measures the implied volatility of CAC 40 options, was up 10.09% to 17.52 a new 1-month high.

In commodities trading, Gold Futures for December delivery was up 0.09% or 1.10 to $1192.60 a troy ounce. Meanwhile, Crude oil for delivery in November fell 2.09% or 1.57 to hit $73.39 a barrel, while the December Brent oil contract fell 1.76% or 1.50 to trade at $83.50 a barrel.

EUR/USD was up 0.45% to 1.1542, while EUR/GBP fell 0.05% to 0.8738.

The US Dollar Index Futures was down 0.31% at 95.06.

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