Stock Markets January 26, 2026

Paris Shares Slip as Consumer Services, Healthcare and Industrials Lead Declines

CAC 40 edges down 0.15% at close as mixed individual stock moves contrast with broader weakness

By Priya Menon
Paris Shares Slip as Consumer Services, Healthcare and Industrials Lead Declines

French equities closed lower on Monday with the CAC 40 down 0.15% and the SBF 120 off 0.17%. Losses in the Consumer Services, Healthcare and Industrials sectors weighed on the market, though several large-cap names posted gains. Market breadth favored decliners and volatility, as measured by the CAC 40 VIX, reached a new 52-week high.

Key Points

  • The CAC 40 closed down 0.15% and the SBF 120 fell 0.17% on Monday.
  • Consumer Services, Healthcare and Industrials led sector declines, while select large-cap names such as Societe Generale, TotalEnergies and Orange registered gains.
  • Market breadth favored decliners (263 down vs. 213 up) and the CAC 40 VIX reached a new 52-week high, indicating elevated implied volatility.

Paris equities ended Monday's session in the red, with selling concentrated in several sectors despite pockets of strength among individual large-cap stocks. At the main close, the CAC 40 lost 0.15% while the broader SBF 120 slipped 0.17%.

On the CAC 40, the session's leading advancer was Societe Generale SA (EPA:SOGN), which climbed 2.29% - an increase of 1.60 points - to finish at 71.42. TotalEnergies SE (EPA:TTEF) also posted gains, adding 1.59% or 0.92 points to close at 58.90, and Orange SA (EPA:ORAN) rose 1.57% or 0.24 points to end the day at 15.22.

At the other end of the index, EssilorLuxottica SA (EPA:ESLX) was the weakest performer on the CAC 40, falling 2.94% or 7.80 points to close at 257.30. STMicroelectronics NV (EPA:STMPA) decreased 2.64% or 0.65 points to 24.00, while Danone SA (EPA:DANO) declined 2.28% or 1.54 points to 66.00.

The SBF 120 showed more pronounced moves among its constituents. Nexity (EPA:NEXI) led gains with an 18.35% jump to 9.77. Fnac Darty SA (EPA:FNAC) advanced 17.02% to settle at 35.40, and Ubisoft Entertainment (EPA:UBIP) rose 9.63% to close at 4.45.

On the downside within the SBF 120, Teleperformance SE (EPA:TEPRF) dropped 7.73% to 54.20 in late trading. Valneva (EPA:VLS) lost 4.63% to end at 3.92, and Vusiongroup SA (EPA:VU) fell 3.11% to 133.90 at the close.

Market breadth favored decliners on the Paris exchange: 263 stocks fell versus 213 that advanced, while 89 were unchanged.

Several index components recorded notable directional extremes during the session. Societe Generale and Orange shares moved to 5-year highs, with Societe Generale up 2.29% to 71.42 and Orange up 1.57% to 15.22. Teleperformance shares fell to a 5-year low after losing 7.73% to 54.20. Fnac Darty reached a 52-week high, rising 17.02% or 5.15 points to 35.40.

Implied volatility for the benchmark index rose: the CAC 40 VIX was unchanged in percentage terms at 18.96, which represented a new 52-week high for the gauge.

Commodities and currency moves accompanied the equity session. Gold futures for April delivery increased 2.31%, a gain of 116.01, to trade at 5,133.01 per troy ounce. In energy markets, crude oil for March delivery fell 0.47% or 0.29 to $60.78 a barrel, while the April Brent contract decreased 0.32% or 0.21 to $64.86 a barrel.

Currency pairs also moved: the euro strengthened versus the dollar, with EUR/USD up 0.49% to 1.19. EUR/GBP was essentially unchanged, up 0.12% to 0.87. The US Dollar Index Futures declined 0.65% to 96.77.


Market takeaway

Monday's close left the main French indices modestly lower, with sector-level weakness in Consumer Services, Healthcare and Industrials. Despite the overall decline, several individual stocks posted material gains or losses, contributing to a mixed picture across large and mid-cap names.

Risks

  • Elevated implied volatility as shown by the CAC 40 VIX reaching a 52-week high, which could affect trading conditions and cost of hedging for equity investors.
  • A larger number of falling stocks relative to advancing ones on the Paris exchange, signaling potential near-term downside pressure across sectors including Consumer Services, Healthcare and Industrials.
  • Notable individual declines to multi-year lows for some stocks, such as Teleperformance, which may underscore company-specific risks that can influence sector sentiment.

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