Economy News

French Stocks Close Higher


French shares in petrol & liquid and General Financial sectors, led stocks higher Wednesday.

The CAC 40 rose 0.79%, even though the SBF 120 index gained 0.74% at the close in Paris.

The best performers for the session on the CAC 40 were BNP Paribas SA (PA:BNPP), which rose 2.63% or 0.94 points to trade at 36.84 at the close. Meanwhile, Orange SA (PA:ORAN) added 2.03% or 0.20 points to end at 10.01 and Vinci SA (PA:SGEF) was up 1.78% or 1.42 points to 81.14 in late trade.

The worst performers regarding the session had been WFD Unibail Rodamco NV (AS:URW), which fell 0.70percent or 0.27 points to trade at 38.49 at the close. Compagnie Generale des Etablissements Michelin SCA (PA:MICP) declined 0.23% or 0.22 points to end at 95.56 and Hermes Overseas SCA (PA:HRMS) was down 0.20% or 1.40 points to 693.60.

The performers that are top the SBF 120 had been Maisons du Monde SAS (PA:MDM) which rose 2.95% to 14.30, Air France KLM SA (PA:AIRF) which was up 2.74% to settle at 3.75 and BNP Paribas SA (PA:BNPP) which gained 2.63% to close at 36.84.

The worst performers were Klepierre SA (PA:LOIM) which was down 4.00% to 13.44 in belated trade, Mercialys SA (PA:MERY) which lost 3.21% to settle at 5.58 and CGG SA (PA:GEPH) that was down 3.00% to 0.784 during the close.

Rising shares outnumbered ones that are decreasing the Paris Stock Exchange by 319 to 226 and 95 ended unchanged.

Shares in WFD Unibail Rodamco NV (like:URW) fell to lows which are 5-year falling 0.70% or 0.27 to 38.49. Shares in Klepierre SA (PA:LOIM) dropped to lows that are 5-year losing 4.00% or 0.56 to 13.44. Shares in Mercialys SA (PA:MERY) fell to all time that is right; dropping 3.21% or 0.18 to 5.58.

Gold Futures for delivery was down 2.06% or 41.55 to $1971.55 a troy ounce december. Elsewhere in commodities trading, Crude oil for delivery in October dropped 0.21% or 0.09 hitting $43.03 a barrel, as the October Brent oil contract fell 0.26% or 0.12 to trade at $45.34 a barrel.

EUR/USD was down 0.41% to 1.1880, while EUR/GBP rose 0.16percent to 0.9024.

The US Dollar Index Futures was up 0.49% at 92.710. French shares in petrol & liquid and General Financial sectors led stocks higher.


Billy Houghton

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