French Stock Market Sees Mixed Performance, CAC 40 Edges Up
The French stock market exhibited mixed performance at the close of trading on Wednesday, with gains in certain sectors offset by losses in others. While the CAC 40 index rose by 0.16%, the SBF 120 index dipped by 0.30%.
The Consumer Services, Financials, and Technology sectors contributed to the overall positive sentiment, driving share prices upwards. Conversely, the Consumer Goods, Basic Materials, and Oil & Gas sectors saw losses, leading to a decline in their respective share values.
Among the top performers on the CAC 40, Publicis Groupe SA saw its share price increase by 1.27%, reaching â¬98.92. Danone SA followed closely, with a 1.24% rise to â¬62.24. ArcelorMittal SA also demonstrated positive performance, gaining 1.20% to close at â¬21.05.
Conversely, Teleperformance SE experienced the largest decline, falling by 1.31% to â¬105.35. Kering SA and Renault SA also recorded losses, with declines of 1.18% and 0.86%, respectively.
The SBF 120 index also saw its fair share of movers. Eiffage SA led the way with a 1.36% rise to â¬95.36, followed by Euronext with a 1.35% increase to â¬97.25. Publicis Groupe SA, which also performed well on the CAC 40, saw a 1.27% gain on the SBF 120, closing at â¬98.92.
However, Eutelsat Communications SA experienced the most significant downturn, plummeting by 5.39% to â¬4.32. Worldline SA and Valneva also saw substantial losses, closing down 3.71% and 3.37%, respectively.
Overall, the Paris Stock Exchange witnessed a balance tilt towards negative performance, with 262 stocks declining compared to 207 stocks advancing. A further 107 stocks remained unchanged.
Danone SA shares reached their highest point in three years, rising 1.24% or â¬0.76 to â¬62.24. Meanwhile, Euronext shares reached a 52-week high, climbing 1.35% or â¬1.30 to â¬97.25.
The CAC 40 VIX, an indicator of implied volatility in CAC 40 options, remained unchanged at 18.96, setting a new 52-week high.
Gold Futures for December delivery witnessed a 0.48% decline, falling by $12.35 to $2,540.55 per troy ounce. In other commodities markets, October Crude oil prices decreased by 1.07% or $0.81, settling at $74.72 per barrel. Similarly, November Brent oil contracts dropped by 1.09% or $0.86, trading at $77.80 per barrel.
The EUR/USD exchange rate decreased by 0.58%, while the EUR/GBP remained relatively stable with a 0.07% increase. The US Dollar Index Futures saw a 0.49% rise, closing at 100.95.
