France stocks higher at close of trade; CAC 40 up 0.05%

Investing.com

Published May 10, 2017 12:35PM ET

France stocks higher at close of trade; CAC 40 up 0.05%

Investing.com – France stocks were higher after the close on Wednesday, as gains in the Utilities, Oil & Gas and Healthcare sectors led shares higher.

At the close in Paris, the CAC 40 added 0.05%, while the SBF 120 index climbed 0.06%.

The best performers of the session on the CAC 40 were TechnipFMC PLC (PA:FTI), which rose 2.75% or 0.80 points to trade at 29.70 at the close. Meanwhile, Accor SA (PA:ACCP) added 1.78% or 0.74 points to end at 42.65 and Veolia Environnement VE SA (PA:VIE) was up 1.71% or 0.320 points to 19.000 in late trade.

The worst performers of the session were Vivendi SA (PA:VIV), which fell 1.45% or 0.28 points to trade at 18.75 at the close. Nokia Oyj (PA:NOKIA) declined 0.99% or 0.056 points to end at 5.619 and Orange SA (PA:ORAN) was down 0.93% or 0.14 points to 14.91.

The top performers on the SBF 120 were Rubis (PA:RUBF) which rose 6.34% to 104.95, Air France KLM SA (PA:AIRF) which was up 4.77% to settle at 8.962 and Soitec SA (PA:SOIT) which gained 3.23% to close at 42.530.

The worst performers were Gemalto (AS:GTO) which was down 4.04% to 53.26 in late trade, Eutelsat Communications (PA:ETL) which lost 2.80% to settle at 21.51 and Edenred (PA:EDEN) which was down 2.68% to 23.75 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 364 to 253 and 95 ended unchanged.

Shares in Accor SA (PA:ACCP) rose to 52-week highs; gaining 1.78% or 0.74 to 42.65. Shares in Rubis (PA:RUBF) rose to all time highs; rising 6.34% or 6.26 to 104.95. Shares in Air France KLM SA (PA:AIRF) rose to 52-week highs; up 4.77% or 0.408 to 8.962.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 3.73% to 13.74 a new 1-month low.

Gold Futures for June delivery was up 0.46% or 5.65 to $1221.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 3.49% or 1.60 to hit $47.48 a barrel, while the July Brent oil contract rose 3.20% or 1.56 to trade at $50.29 a barrel.

EUR/USD was down 0.01% to 1.0873, while EUR/GBP fell 0.01% to 0.8406.

The US Dollar Index Futures was down 0.01% at 99.44.

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