
France Stocks Close Higher; CAC 40 Rises 0.64%
France’s Stock Market Update: Friday Gains
On Friday, French stocks closed higher, driven by strong performances in various sectors. The Paris market experienced notable increases, with the major index rising by 0.64% to reach a three-month high, while another index climbed 2.23%.
In this session, Kering SA led the gains with a rise of 6.34%, adding 15.90 points to finish at 266.85. STMicroelectronics NV followed closely, increasing by 6.04% or 1.57 points, closing at 27.48. Stellantis NV also performed well, up 4.06% or 0.57 points, ending at 14.55.
Conversely, Schneider Electric SE saw the largest decline, dropping 1.72% or 4.20 points to close at 240.35. Safran SA fell by 1.25%, losing 2.70 points to settle at 213.40, while Compagnie de Saint Gobain SA decreased by 1.09%, down 0.92 points to 83.18.
Among the top performers on the SBF 120, Trigano SA surged by 11.44% to 119.80, Forvia increased by 11.12% to 9.80, and Opmobility SE gained 7.96% to close at 9.36. On the downside, Gaztransport et Technigaz SA declined 2.85% to 125.90, while Elis Services SA and Schneider Electric SE fell 1.73% and 1.72%, respectively.
Overall, there were more advancing stocks than declining ones on the Paris Stock Exchange, with 270 rising, 217 falling, and 101 remaining unchanged. The gauge of implied volatility for CAC 40 options remained steady at 18.96, marking a new 52-week high.
In commodity markets, December gold futures were down 0.94% to $2,669.70 per troy ounce. Meanwhile, November crude oil rose 0.62% to $68.09 per barrel, and the December Brent contract increased by 0.44% to $71.40 per barrel.
On currency markets, the EUR/USD pair was stable at 1.12, while EUR/GBP remained unchanged at 0.83. The US Dollar Index Futures saw a slight decline of 0.04%, settling at 100.20.