Shares in Paris closed lower on Thursday, with the benchmark CAC 40 retreating 1.17% and the broader SBF 120 sliding 1.21% as multiple sectors weighed on the market.
At the close, the CAC 40 stood down 1.17%, while the SBF 120 ended the session down 1.21%.
Notable movers on the CAC 40
Among the better-performing constituents of the CAC 40, Hermes International SCA (EPA:HRMS) rose 1.82% or 30.50 points to finish at 1,702.00. Kering SA (EPA:PRTP) added 1.46% or 3.55 points to close at 246.80. Renault SA (EPA:RENA) gained 1.43% or 0.44 points to end the day at 31.14.
On the downside, Bouygues SA (EPA:BOUY) was the weakest on the index, slipping 3.66% or 1.94 points to 51.06 at the close. Pernod Ricard SA (EPA:PERP) fell 3.09% or 2.04 points to 64.02, and Airbus Group SE (EPA:AIR) declined 2.68% or 5.06 points to 183.44.
SBF 120 extremes
Within the SBF 120, Atos SE (EPA:ATOS) registered a strong advance, climbing 6.43% to 36.76. Valneva (EPA:VLS) rose 5.69% to settle at 2.45, and Worldline SA (EPA:WLN) gained 3.22% to close at 0.26.
Conversely, Solvay SA (EBR:SOLB) was the session's weakest SBF 120 name, dropping 7.35% to 26.74. Technip Energies BV (EPA:TE) lost 5.87% to finish at 37.82, and Vallourec (EPA:VLLP) declined 5.31% to 23.54.
Market breadth and volatility
On the Paris Stock Exchange, declining issues outnumbered advancing ones by 287 to 203, while 80 stocks closed unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged at 0.00% and stood at 18.96, registering a new 52-week high.
Commodities and currencies
Commodity markets showed mixed moves. Gold futures for June delivery were quoted up 0.84% or 39.46 to $4,733.76 a troy ounce. In energy markets, crude oil for June delivery fell 1.43% or 1.36 to $93.72 a barrel, while the July Brent contract dropped 1.80% or 1.82 to $99.45 a barrel.
In currency markets, EUR/USD was unchanged 0.11% at 1.18, and EUR/GBP was unchanged 0.07% at 0.86. The US Dollar Index Futures was down 0.04% at 97.83.
What the day shows
Thursday's session was characterized by a broad sell-off led by specific sectors, even as several high-profile stocks posted gains. Market breadth favored declines and volatility on the CAC 40 options complex reached a one-year high at the close.