France stocks higher at close of trade; CAC 40 up 0.37%
France's stock market saw an upward trend as of the day's close, with the CAC 40 index increasing by 0.37%. The SBF 120 index also showed a gain of 0.38%. The Consumer Goods, Healthcare and Basic Materials sectors played a significant role in driving the market higher. Stellantis NV emerged as the top performer on the CAC 40, surging 4.21% to reach 4.65 points, while ArcelorMittal SA and LVMH Moet Hennessy Louis Vuitton SE also saw notable gains of 2.32% and 2.12% respectively.
Conversely, Thales, TotalEnergies SE, and Engie SA were among the weakest performers, with declines of 1.17%, 1.12%, and 1.10% respectively. The SBF 120 index had Vusiongroup SA, Worldline SA, and Stellantis NV as their top gainers, all contributing to a rise of over 4%. In contrast, SES, Vallourec, and Dassault Aviation SA were the biggest losers, falling by 4.15%, 2.24%, and 1.64% respectively.
The number of stocks that rose exceeded those that fell on the Paris Stock Exchange, with a ratio of 266 to 179, and 98 stocks ended unchanged. The CAC 40 VIX, a gauge of option volatility, remained steady at 18.96, signaling a new 52-week high. Gold Futures for December delivery saw a rise of 2.21% to $4,672.54 per troy ounce, while Crude oil for October delivery and the October Brent oil contract also witnessed slight gains of 0.07% and 0.60% respectively.
Meanwhile, EUR/USD and EUR/GBP remained unchanged, while the US Dollar Index Futures decreased by 0.08% to 98.73.
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