Stocks in Paris finished the session higher on Wednesday, with the benchmark CAC 40 closing up 2.94% and the broader SBF 120 advancing 2.86%. The rally was concentrated in Industrials, Consumer Goods and Financials, which supplied much of the upward momentum for the market.
At the close, Safran SA (SAF) was the top gainer on the CAC 40, jumping 8.96% to finish at 296.70. ArcelorMittal SA (MT) and Accor SA (ACCP) also posted substantial gains, rising 8.03% to 53.56 and 7.68% to 44.60 respectively.
On the downside, TotalEnergies SE (TTEF) led the laggards on the CAC 40, slipping 3.22% to 76.75 at the close. STMicroelectronics NV (STMPA) declined 0.61% to 48.50 and Engie SA (ENGIE) fell 0.58% to 27.57.
The SBF 120 reflected much the same leadership. Air France KLM SA (AIRF) was the session's strongest performer within that index, rising 9.56% to 10.31. Safran and ArcelorMittal also ranked among the top SBF 120 movers, closing at 296.70 and 53.56 respectively.
Among the weaker names on the SBF 120 were Viridien SA (VIRI), which tumbled 18.61% to 119.40, and Soitec SA (SOIT), which lost 7.00% to settle at 146.85. TotalEnergies again appeared on the list of declines, down 3.22% to 76.75.
Market breadth on the Paris exchange was decisively positive, with 333 stocks rising, 170 falling and 78 ending unchanged.
Volatility measures for the index showed the CAC 40 VIX unchanged at 18.96, marking a new 52-week high for that gauge.
Commodities traded mixed during the session. Gold Futures for June delivery rose 2.86% - an increase of 130.76 - to $4,699.26 a troy ounce. In contrast, crude oil prices moved lower: June delivery fell 6.70% or 6.85 to $95.42 a barrel, while the July Brent contract declined 6.90% or 7.58 to trade at $102.29 a barrel.
Currency and dollar benchmarks recorded modest moves. EUR/USD was up 0.51% to 1.18, EUR/GBP was unchanged at 0.86 (recorded as 0.19% unchanged in session data), and the US Dollar Index Futures were down 0.44% at 97.88.
Session snapshot
- CAC 40 - up 2.94%
- SBF 120 - up 2.86%
- Top CAC 40 gainers - Safran SA (SAF) +8.96%, ArcelorMittal SA (MT) +8.03%, Accor SA (ACCP) +7.68%
- Largest CAC 40 decliners - TotalEnergies SE (TTEF) -3.22%, STMicroelectronics NV (STMPA) -0.61%, Engie SA (ENGIE) -0.58%
- Exchange breadth - 333 up, 170 down, 78 unchanged
- CAC 40 VIX - unchanged at 18.96 (new 52-week high)
This reporting reflects closing prices, index movements and session statistics as recorded at the Paris market close.