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12 Nov 2014
CAC declines 0.5%
FXStreet (Mumbai) - The French equity markets declined today led by banking and financial stocks after having clocked gains in the first two trading sessions of the week.
The Cac is trading 0.52% lower at 4222, compared to the previous session’s close of 4244.10 levels. The index breadth is negative with an advance decline ratio of 6:34. The index is being driven lower by Cac Bank index, which is down 1.41%, while the Leisure goods sector lost 2.08%. Among the stocks, shares in Credit Agricole and Societe Generale are down 2.49% and 1.78% respectively. Meanwhile, the top index gainers include stocks like Accor, Alcatel-Lucent, Sanofi and Louis Vuitton.
CAC Technical Levels
The index has an immediate resistance at 4252, above which the prices can rise to 4275 levels. Meanwhile, support is seen at 4191 and 4160 levels.
The Cac is trading 0.52% lower at 4222, compared to the previous session’s close of 4244.10 levels. The index breadth is negative with an advance decline ratio of 6:34. The index is being driven lower by Cac Bank index, which is down 1.41%, while the Leisure goods sector lost 2.08%. Among the stocks, shares in Credit Agricole and Societe Generale are down 2.49% and 1.78% respectively. Meanwhile, the top index gainers include stocks like Accor, Alcatel-Lucent, Sanofi and Louis Vuitton.
CAC Technical Levels
The index has an immediate resistance at 4252, above which the prices can rise to 4275 levels. Meanwhile, support is seen at 4191 and 4160 levels.