France stocks lower at close of trade; CAC 40 down 8.39%

Investing.com – France stocks were lower after the close on Monday, as losses in the , and sectors led shares lower.

At the close in Paris, the lost 8.39% to hit a new 52-week low, while the index lost 8.21%.

The best performers of the session on the were Pernod Ricard SA (PA:), which fell 3.89% or 5.85 points to trade at 144.40 at the close. Meanwhile, Legrand SA (PA:) fell 3.98% or 2.60 points to end at 62.76 and Hermes International SCA (PA:) was down 4.48% or 28.40 points to 605.60 in late trade.

The worst performers of the session were TechnipFMC PLC (PA:), which fell 23.30% or 2.63 points to trade at 8.65 at the close. Societe Generale SA (PA:) declined 17.65% or 3.78 points to end at 17.62 and ArcelorMittal SA (AS:) was down 17.53% or 2.03 points to 9.54.

The top performers on the SBF 120 were SEB SA (PA:) which fell 1.66% to 112.50, Quadient SA (PA:) which was down 1.84% to settle at 18.09 and BIC (PA:) which lost 2.31% to close at 49.82.

The worst performers were CGG SA (PA:) which was down 37.48% to 1.236 in late trade, TechnipFMC PLC (PA:) which lost 23.30% to settle at 8.65 and Vallourec (PA:) which was down 21.57% to 1.085 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 610 to 34 and 34 ended unchanged.

Shares in Pernod Ricard SA (PA:) fell to 52-week lows; down 3.89% or 5.85 to 144.40. Shares in TechnipFMC PLC (PA:) fell to 5-year lows; down 23.30% or 2.63 to 8.65. Shares in Societe Generale SA (PA:) fell to 5-year lows; losing 17.65% or 3.78 to 17.62. Shares in ArcelorMittal SA (AS:) fell to 3-years lows; losing 17.53% or 2.03 to 9.54. Shares in CGG SA (PA:) fell to 52-week lows; down 37.48% or 0.741 to 1.236. Shares in TechnipFMC PLC (PA:) fell to 5-year lows; down 23.30% or 2.63 to 8.65. Shares in BIC (PA:) fell to 5-year lows; down 2.31% or 1.18 to 49.82. Shares in Vallourec (PA:) fell to 5-year lows; falling 21.57% or 0.298 to 1.085.

The , which measures the implied volatility of CAC 40 options, was up 15.15% to 45.05 a new 5-year high.

Gold Futures for April delivery was up 0.06% or 1.00 to $1673.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 21.25% or 8.77 to hit $32.51 a barrel, while the May Brent oil contract fell 21.63% or 9.79 to trade at $35.48 a barrel.

EUR/USD was up 1.59% to 1.1465, while EUR/GBP rose 0.96% to 0.8737.

The US Dollar Index Futures was down 1.15% at 94.828.

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