CAC 40 Gains 0.28% as Technology and Energy Stocks Lead

French stocks finished in positive territory on Tuesday, with the benchmark CAC 40 index advancing as gains in technology, energy, and financial shares offset losses elsewhere. The modest uptick came amid a broader rise in commodity prices, particularly crude oil.

Market Performance

At the close of trading in Paris, the CAC 40 index was up 0.28%, while the broader SBF 120 index climbed 0.25%, according to market data. The session saw more advancing stocks than decliners on the Paris Stock Exchange, with 263 issues rising compared to 202 falling, and 79 ending unchanged.

Notably, a key measure of market volatility, the CAC 40 VIX, was unchanged at 18.96. The source material indicated this level is a new 52-week high, suggesting that underlying investor caution may persist despite the day's gains.

Sector and Stock Movers

Strength in the technology and energy sectors provided the primary lift for the market. The top-performing stocks on the CAC 40 reflected this trend:

Ad

• STMicroelectronics NV (EPA:STMPA): +4.26%
• Societe Generale SA (EPA:SOGN): +2.73%
• TotalEnergies SE (EPA:TTEF): +2.35%

On the downside, shares of advertising firm Publicis Groupe SA (EPA:PUBP) fell 2.38%, while consumer goods company Danone SA (EPA:DANO) declined 2.30%, making them the index's worst performers for the day. On the broader SBF 120, semiconductor materials manufacturer Soitec SA (EPA:SOIT) was a standout, surging 10.51%.

Broader Market Context

The positive performance in energy shares like TotalEnergies coincided with a rally in oil markets. September contracts for Brent crude rose 2.08% to $91.08 a barrel, while West Texas Intermediate (WTI) crude for September delivery gained 2.18% to $84.28 a barrel.

In other markets, August Gold Futures were up 1.64%. The U.S. Dollar Index Futures saw a slight increase of 0.16%, while the EUR/USD currency pair remained relatively stable.