Paris stocks delivered a mixed picture at the close on Tuesday, with sector divergence leaving the headline CAC 40 slightly positive and the broader SBF 120 modestly lower.
At the close in Paris, the CAC 40 gained 0.05%, while the SBF 120 index fell 0.09%.
Consumer Services, Consumer Goods and Healthcare sectors provided upward momentum, lifting several large-cap consumer names. EssilorLuxottica SA (EPA:ESLX) led gains on the CAC 40, rising 3.78% or 6.55 points to finish at 179.70. Luxury group Kering SA (EPA:PRTP) added 2.49% or 6.20 points to close at 255.20, while spirits and beverage company Pernod Ricard SA (EPA:PERP) rose 2.06% or 1.28 points to 63.38 in late trade.
By contrast, Technology, Oil & Gas and Industrials were among the weakest areas of the market. STMicroelectronics NV (EPA:STMPA) was the session's largest decliner on the CAC 40, slipping 5.85% or 3.82 points to trade at 61.52 at the close. Steelmaker ArcelorMittal SA (AS:MT) dropped 3.98% or 2.34 points to 56.40, and Schneider Electric SE (EPA:SCHN) fell 2.61% or 7.05 points to 263.45.
Within the SBF 120, EssilorLuxottica again stood out as the top performer, up 3.78% to 179.70. Inter Parfums Inc. (EPA:IPAR) climbed 3.62% to settle at 26.32, and Remy Cointreau (EPA:RCOP) gained 3.04% to close at 44.00.
On the downside in the SBF 120, X Fab Silicon Foundries EV (EPA:XFAB) declined 15.34% to 9.16 in late trading, Soitec SA (EPA:SOIT) lost 10.42% to settle at 140.15 and automotive supplier Forvia (EPA:FRVIA) was down 6.17% to 9.76 at the close.
Market breadth on the Paris exchange showed more decliners than advancers, with 286 stocks down and 187 advancing; 86 securities finished unchanged.
The CAC 40 VIX - the index that measures implied volatility for CAC 40 options - was unchanged at 0.00% and stood at 18.96, marking a new 52-week high.
Commodities also moved notably during the session. Gold Futures for August delivery fell 1.49% or 65.15 to trade at 4,298.25 a troy ounce. Crude oil for delivery in July dropped 5.25% or 4.79 to $86.51 a barrel, while the August Brent contract eased 4.37% or 4.12 to $90.13 a barrel.
Currency and dollar measures showed modest changes. EUR/USD was effectively flat, changing 0.16% to 1.16, and EUR/GBP was unchanged 0.16% to 0.86. The US Dollar Index Futures moved down 0.18% to 99.85.
Market context summary
- Benchmark divergence - CAC 40 marginally higher, SBF 120 slightly lower.
- Consumer and healthcare names outperformed while tech, energy and industrials underperformed.
- Commodities and volatility metrics moved alongside equity flows, with oil and gold declining and the CAC 40 VIX at a new 52-week high.