French Stocks Decline; EADS, Hi-Media and Total Shares Are Active in Paris
France’s CAC 40 Index declined 1.3 percent to 3,526.12 at the 5:30 p.m. close in Paris, extending this week’s loss to 2.4 percent. The SBF 120 Index also fell 1.3 percent to 2,616.17 today.
The following shares are among the most active in the French equity market. Stock symbols are in parentheses after company names.
EADS NV (EAD FP), the parent company of Airbus, dropped 1.8 percent to 17.90 euros after Nomura Holdings Inc. lowered its recommendation on the shares to “neutral” from “buy.”
Separately, Thai Airways International PCL denied a report in Les Echos that it’s in talks with Airbus for a $9 billion- plus contract, French daily La Tribune reported on its website, without citing anyone.
Hi-Media SA (HIM FP) rallied 2.3 percent to 3.13 euros after the maker of pop-up screens for Internet advertising said German companies Bigpoint and Turtle Entertainment have placed orders for its micropayment product Allopass.
Total SA (FP FP) lost 0.8 percent to 37.77 euros. Crude oil dropped for a third day, falling as much as 1.6 percent.
To contact the reporter on this story: Adam Haigh in London at ahaigh1@bloomberg.net.
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