Market close overview
Paris equities ended Thursday with broad losses. At the close in Paris, the CAC 40 lost 1.49% to hit a new 1-month low, while the SBF 120 index lost 1.50%.
Winners and losers on the CAC 40
The top performers on the CAC 40 were STMicroelectronics NV (EPA:STMPA), which rose 3.06% or 0.85 points to trade at 28.60 at the close. Dassault Systemes SE (EPA:DAST) added 2.61% or 0.48 points to end at 18.65 and Capgemini SE (EPA:CAPP) was up 2.38% or 2.55 points to 109.65 in late trade.
On the downside, ArcelorMittal SA (AS:MT) fell 6.79% or 3.59 points to trade at 49.31 at the close. Thales (EPA:TCFP) declined 5.70% or 14.30 points to end at 236.40 and Societe Generale SA (EPA:SOGN) was down 3.41% or 2.40 points to 67.98.
SBF 120 movers
Within the SBF 120, Teleperformance SE (EPA:TEPRF) led gains, rising 3.75% to 58.14. STMicroelectronics NV (EPA:STMPA) and Dassault Systemes SE (EPA:DAST) also featured among the strongest names, up 3.06% to settle at 28.60 and gaining 2.61% to close at 18.65, respectively.
The weakest stocks on the SBF 120 included Dassault Aviation SA (EPA:AM), which was down 9.05% to 315.60 in late trade. ArcelorMittal SA (AS:MT) lost 6.79% to settle at 49.31 and Thales (EPA:TCFP) was down 5.70% to 236.40 at the close.
Market breadth, volatility and key measures
Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 280 to 211 and 78 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00% to 18.96 a new 52-week high.
Commodities and FX snapshot
Gold Futures for April delivery was down 0.78% or 40.19 to $5,094.51 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 6.27% or 4.68 to hit $79.34 a barrel, while the May Brent oil contract rose 3.60% or 2.93 to trade at $84.33 a barrel.
On currencies, EUR/USD was unchanged 0.41% to 1.16, while EUR/GBP unchanged 0.07% to 0.87. The US Dollar Index Futures was up 0.47% at 99.19.
What to watch
Investors will note that positive moves in selected technology and outsourcing names did not compensate for substantial declines in materials and defence-related firms, leaving the major French benchmarks lower on the day.