Paris stock indices closed lower on Friday as declines in Technology, Industrials and Basic Materials exerted downward pressure on the market. The CAC 40 ended the session down 0.32%, while the broader SBF 120 retreated 0.35%.
Among CAC 40 constituents, Hermes International SCA (EPA:HRMS) was the strongest performer, rising 2.31% to finish at 1,619.00. Carrefour SA (EPA:CARR) gained 2.00%, ending the day at 16.30, and Sanofi SA (EPA:SASY) advanced 1.98% to close at 77.95.
Conversely, key declines included STMicroelectronics NV (EPA:STMPA), which slipped 5.85% to 62.82 at the close. ArcelorMittal SA (AS:MT) lost 4.70%, finishing at 59.22, and Schneider Electric SE (EPA:SCHN) fell 4.54% to 269.05.
On the SBF 120, SEB SA (EPA:SEBF) led gains with a 4.66% increase to 52.80. Hermes International (EPA:HRMS) and Ipsen SA (EPA:IPN) also registered rises of 2.31% and 2.20%, closing at 1,619.00 and 157.80 respectively.
The weakest names on the SBF 120 included Eutelsat Communications SA (EPA:ETL), down 9.30% to 3.01, and Soitec SA (EPA:SOIT), which fell 6.29% to 146.65. STMicroelectronics (EPA:STMPA) was also among the largest decliners on the index, down 5.85% to 62.82.
Market breadth on the Paris exchange skewed negative: 277 stocks fell, 198 rose and 82 finished unchanged. The session closed with the CAC 40 at 8,218.24, a decline of 26.05 points, or 0.32%.
The CAC 40 VIX, which measures implied volatility for CAC 40 options, was unchanged on the day at 18.96, marking a new 52-week high.
Commodity markets recorded notable moves. Gold Futures for August delivery declined 3.29% - a drop of 148.40 - to settle at $4,356.60 per troy ounce. In energy markets, crude oil for July delivery fell 2.33% or $2.17 to $90.87 per barrel, while the August Brent contract decreased 1.56% or $1.48 to $93.55 per barrel.
In currency trading, EUR/USD weakened 0.70% to 1.15. EUR/GBP was essentially unchanged, moving 0.15% to 0.86. The US Dollar Index Futures (DX) rose 0.62% to 100.00.
Session snapshot
- CAC 40: -0.32% (8,218.24)
- SBF 120: -0.35%
- Advancers: 198 | Decliners: 277 | Unchanged: 82
- Top CAC 40 winners: HRMS +2.31% (1,619.00), CARR +2.00% (16.30), SASY +1.98% (77.95)
- Top CAC 40 losers: STMPA -5.85% (62.82), MT -4.70% (59.22), SCHN -4.54% (269.05)
- Notable SBF 120 moves: SEBF +4.66% (52.80), ETL -9.30% (3.01), SOIT -6.29% (146.65)
The session presented a mix of sector outcomes, with consumer discretionary and healthcare names among the outperformers, while technology and materials names posted some of the largest declines. Commodity price drops and a firmer dollar accompanied the equity weakness.
These moves reflect the individual stock performances and sector rotation evident in the closing prices and indices reported for the session.