Paris-listed stocks ended the trading day in negative territory on Monday, with selling concentrated in consumer and healthcare-related names. The benchmark CAC 40 index closed down 0.69%, while the broader SBF 120 slipped 0.59%.
Among blue-chips, STMicroelectronics NV (EPA:STMPA) was one of the better performers on the CAC 40, finishing up 2.58% - a gain of 1.26 points - at 50.30. Orange SA (EPA:ORAN) rose 2.36% or 0.42 points to end the session at 18.25, while Schneider Electric SE (EPA:SCHN) added 2.33% or 6.25 points to close at 274.65.
On the downside, LVMH Moet Hennessy Louis Vuitton SE (EPA:LVMH) was the largest decliner on the index, falling 4.38% or 20.70 points to finish at 452.00. Pernod Ricard SA (EPA:PERP) dropped 3.45% or 2.20 points to 61.48, and Publicis Groupe SA (EPA:PUBP) declined 3.30% or 2.68 points to close at 78.62.
The SBF 120 showed a similar bifurcation. Valneva (EPA:VLS) led gains in the wider index, jumping 14.08% to 2.74. X Fab Silicon Foundries EV (EPA:XFAB) climbed 8.46% to settle at 7.37, and Teleperformance SE (EPA:TEPRF) rose 7.81% to close at 68.46.
Conversely, Worldline SA (EPA:WLN) posted one of the steepest drops on the SBF 120, sliding 7.62% to 0.26. Soitec SA (EPA:SOIT) lost 5.63% to settle at 161.70, and LVMH (EPA:LVMH) again featured among the worst performers with a 4.38% decline to 452.00.
Market breadth was narrowly negative: rising issues outnumbered decliners on the Paris exchange by 250 to 243, while 80 stocks finished unchanged.
The CAC 40 VIX, the implied volatility gauge for CAC 40 options, was unchanged on the day - 0.00% - but stood at 18.96, marking a new 52-week high.
Commodity markets saw notable moves. Gold futures for June delivery were up 0.22% or 10.40, at $4,741.10 a troy ounce. Energy markets were firmer: June crude oil gained 2.76% or 2.63 to $98.05 a barrel, while the July Brent contract rose 2.80% or 2.84 to trade at $104.13 a barrel.
Foreign-exchange trading was relatively steady. EUR/USD was effectively flat, changing by 0.05% to 1.18, and EUR/GBP moved by 0.15% to 0.86. The US Dollar Index Futures eased 0.02% to 97.76.
For reference, the CAC 40 was quoted at 8,056.38, down 56.19 points or 0.69% at close.
Market takeaways
- Broad indices closed lower, with the CAC 40 down 0.69% and the SBF 120 down 0.59%.
- Sector pressure came primarily from Consumer Goods, Consumer Services and Healthcare, which weighed on the market.
- Volatility indicators reached 52-week highs even as some individual technology and telecom names posted gains.