Paris equities ended Tuesday’s trading session in negative territory as sector-specific weakness across Consumer Services, Healthcare and Consumer Goods pressured benchmark indices.
At the close in Paris, the CAC 40 fell 1.03% while the SBF 120 dropped 1.02%.
Notable gainers
- STMicroelectronics NV (EPA:STMPA) led gains on the CAC 40, rising 3.14% or 1.82 points to finish at 59.84.
- Stellantis NV (EPA:STLAM) added 1.09% or 0.07 points to close at 6.76.
- TotalEnergies SE (EPA:TTEF) increased 0.71% or 0.55 points, ending the day at 78.22.
Largest decliners
- Hermes International SCA (EPA:HRMS) was the weakest on the CAC 40, slipping 3.27% or 54.00 points to close at 1,596.50.
- Kering SA (EPA:PRTP) fell 3.05% or 7.55 points to end at 239.75.
- Eiffage SA (EPA:FOUG) dropped 2.06% or 2.55 points to 121.45.
On the SBF 120, the session’s top performers included X Fab Silicon Foundries EV (EPA:XFAB), which climbed 11.41% to 8.99, Eutelsat Communications SA (EPA:ETL), which was up 5.46% to settle at 4.21, and SES (EPA:SESFd), which gained 4.55% to close at 9.30.
The weakest names on the SBF 120 were Soitec SA (EPA:SOIT), down 5.45% to 166.70, Elior Group (EPA:ELIOR), which lost 5.08% to settle at 1.94, and Teleperformance SE (EPA:TEPRF), off 5.00% to 64.24 at the close.
Market breadth favored sellers: declining issues outnumbered advancers on the Paris exchange by 275 to 199, while 84 stocks finished unchanged.
Several stocks registered notable milestone moves during the session. STMicroelectronics NV (EPA:STMPA) rose to 5-year highs, gaining 3.14% or 1.82 to 59.84. X Fab Silicon Foundries EV (EPA:XFAB) advanced to 52-week highs with an 11.41% or 0.92 rise to 8.99, and Eutelsat Communications SA (EPA:ETL) also reached 52-week highs after a 5.46% or 0.22 gain to 4.21. By contrast, Elior Group (EPA:ELIOR) fell to 52-week lows, down 5.08% or 0.10 to 1.94. SES (EPA:SESFd) moved to 5-year highs, increasing 4.55% or 0.41 to 9.30.
Volatility measures and commodities showed mixed signals. The CAC 40 VIX, which tracks implied volatility on CAC 40 options, was unchanged at 0.00% to 18.96, registering a new 52-week high.
In commodities, Gold Futures for August delivery declined 0.40% or 18.14 to $4,538.26 a troy ounce. Energy prices diverged: crude oil for July delivery fell 2.73% or 2.64 to $93.96 a barrel, while the August Brent contract rose 4.05% or 3.78 to trade at $97.20 a barrel.
Currency markets were relatively steady. EUR/USD was essentially flat, unchanged 0.19% at 1.16, and EUR/GBP held steady, unchanged 0.31% at 0.86. The US Dollar Index Futures slipped 0.03% to 99.15.
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Overall, the session in Paris was characterized by broad selling pressure led by consumer-facing and healthcare-related stocks, punctuated by notable gains among select technology and communications names and by rising option-implied volatility on the CAC 40.