French equities closed lower on Monday, as weakness in the Consumer Services, Industrials and Technology sectors pressured the main indexes.
At the Paris close, the CAC 40 fell 0.22%, while the broader SBF 120 slipped 0.28%.
Top performers on the CAC 40
- Carrefour SA (EPA:CARR) led gains on the benchmark, rising 3.63% or 0.56 points to finish at 15.86.
- ArcelorMittal SA (AS:MT) added 3.10% or 1.70 points to end at 56.48.
- Kering SA (EPA:PRTP) climbed 3.06% or 8.50 points to close at 286.50.
Lagging names on the CAC 40
- Thales (EPA:TCFP) was the session's biggest decliner on the index, down 4.12% or 10.90 points to 253.50 at the close.
- Pernod Ricard SA (EPA:PERP) retreated 3.50% or 3.04 points to end at 83.80.
- Airbus Group SE (EPA:AIR) fell 3.48% or 6.60 points to 183.14.
Movers on the SBF 120
- Eramet SA (EPA:ERMT) was the top gainer on the SBF 120, up 6.57% to 52.20.
- Soitec SA (EPA:SOIT) rose 6.17% to settle at 39.23.
- Air France KLM SA (EPA:AIRF) gained 4.53% to close at 13.14.
The weakest performers on the SBF 120 included Atos SE (EPA:ATOS), which tumbled 8.77% to 36.40 in late trade; Forvia (EPA:FRVIA), which lost 7.95% to settle at 12.73; and Remy Cointreau (EPA:RCOP), down 5.19% to 43.50 at the close.
Market breadth and notable highs
Decliners outnumbered advancers on the Paris Stock Exchange, with 296 stocks down versus 203 advancing, and 76 finishing unchanged.
Shares of Carrefour SA (EPA:CARR) reached a 52-week high, advancing 3.63% or 0.56 to 15.86. ArcelorMittal SA (AS:MT) rose to a 5-year high, increasing 3.10% or 1.70 to 56.48.
Volatility, commodities and energy
The CAC 40 VIX, which tracks the implied volatility of options on the CAC 40, was unchanged at 0.00% and stood at 18.96, a new 52-week high.
In commodities, Gold Futures for April delivery rose 2.94% or 149.20 to $5,230.10 a troy ounce. Crude oil for April delivery fell 0.18% or 0.12 to $66.36 a barrel, while the May Brent oil contract declined 0.20% or 0.14 to trade at $71.16 a barrel.
Foreign exchange and dollar index
EUR/USD was unchanged 0.20% at 1.18, while EUR/GBP was unchanged 0.06% at 0.87. The US Dollar Index Futures was down 0.22% at 97.51.
The close on Monday left Paris benchmarks slightly lower overall, with a mix of strong single-stock moves and rising implied volatility influencing the session's tone.