Stocks in Paris ended Wednesday's trading session with modest gains as advances in Technology, Basic Materials and Utilities helped lift the main indices.
At the close in Paris, the CAC 40 finished 0.35% higher, while the SBF 120 rose 0.41%.
Top movers on the CAC 40
- STMicroelectronics NV (EPA:STMPA) led the index's gainers, climbing 9.79% - a rise of 4.67 points - to close at 52.34.
- ArcelorMittal SA (AS:MT) added 7.10%, or 3.64 points, finishing the day at 54.90.
- Automaker Stellantis NV (EPA:STLAM) increased 3.71%, or 0.23 points, to end at 6.48.
Lagging names on the CAC 40
- Capgemini SE (EPA:CAPP) was the biggest decliner on the index, slipping 2.48% - a fall of 2.46 points - to 96.74 at the close.
- Danone SA (EPA:DANO) dropped 2.13%, or 1.34 points, to finish at 61.44.
- Eiffage SA (EPA:FOUG) fell 2.06%, a decline of 2.80 points, closing at 132.85.
SBF 120 highlights
- Vallourec (EPA:VLLP) was the SBF 120's strongest performer, jumping 12.17% to close at 26.92.
- STMicroelectronics NV (EPA:STMPA) also ranked among the SBF 120 leaders, rising 9.79% to settle at 52.34.
- Soitec SA (EPA:SOIT) gained 7.71% to end the session at 155.85.
On the downside in the SBF 120, Sopra Steria Group SA (EPA:SOPR) fell 3.36% to 129.50, Solutions 30 SE (EPA:S30) declined 2.82% to 0.62 and SES (EPA:SESFd) was down 2.74% to 7.64 at the close.
Broad market breadth on the Paris exchange was positive: 254 stocks rose, 223 fell and 87 were unchanged.
Several individual stock milestones were recorded during the session. Shares of STMicroelectronics NV (EPA:STMPA) climbed to 5-year highs, gaining 9.79% to 52.34. Vallourec (EPA:VLLP) similarly rose to 5-year highs after a 12.17% advance to 26.92. By contrast, Danone SA (EPA:DANO) moved to 52-week lows, slipping 2.13% to 61.44.
The CAC 40 VIX, a gauge of implied volatility for CAC 40 options, was unchanged on the day at 18.96, marking a new 52-week high.
Commodities and FX
- Gold Futures for June delivery rose 0.41%, or 19.39, to $4,706.09 a troy ounce.
- Crude oil for June delivery inched up 0.03%, or 0.03, to $102.21 a barrel, while the July Brent contract declined 1.10%, or 1.19, to $106.58 a barrel.
- On the currency front, EUR/USD was effectively unchanged at 1.17, moving 0.22%. EUR/GBP was unchanged at 0.87, moving 0.06%.
- The US Dollar Index Futures increased 0.21% to 98.39.
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Market context summary
The Paris market's modest gains were supported by sizable moves in several large-cap Technology and Basic Materials names, while a mix of consumer and industrial stocks weighed on the downside. Volatility as measured by the CAC 40 VIX remained elevated, ending the day at a new 52-week high.