French Stocks: ArcelorMittal, BNP, Carrefour, Societe Generale

France’s CAC 40 Index fell for a third day, losing 14.28, or 0.4 percent, to 3,722.02 at the 5:30 p.m. close in Paris. The gauge lost 0.1 percent this week. The SBF 120 Index slid 0.3 percent to 2,765.39.

The following shares were among the most active in the French equity market today. Stock symbols are in parentheses after company names.

Aeroports de Paris (ADP FP) gained for a second day, adding 1.4 percent to 59.96 euros. The operator of the French capital’s Charles de Gaulle and Orly airports said August traffic rose 1.4 percent to 8.2 million passengers.

Alcatel-Lucent SA (ALU FP) snapped two days of losses, rising 1.2 percent to 2.22 euros. France’s largest telecommunications equipment maker will have positive cashflow in 2011, Chief Executive Officer Ben Verwaayen told Le Figaro in an interview.

ArcelorMittal (MT NA) advanced 2.3 percent to 25.32 euros as Chairman Lakshmi Mittal reaffirmed the company’s guidance for third-quarter earnings before interest, tax, depreciation and amortization of $2.1 billion to $2.5 billion.

Bionersis SA (ALBRS FP) dropped for a second day this week, losing 1.6 percent to 7.58 euros. The recommendation on the renewable energy producer was cut to “add” from “buy” by analysts at Gilbert Dupont.

BNP Paribas (BNP FP) lost 2 percent to 53.92 euros as banking shares were among the worst performers in Europe today. Credit-default swaps on Ireland rose 38 basis points to a record 428.3, according to data provider CMA.

Ireland may need to seek external assistance if there are additional financial-sector losses or the economy worsens, Barclays Plc said in a note to investors on Sept 16. Ireland’s Finance Ministry said there’s “no truth in a rumor” that the government may ask for external aid for its finances.

Dexia SA (DEXB BB) fell 3.1 percent to 3.23 euros. Societe Generale SA (GLE FP) fell 2.9 percent to 44 euros.

Carrefour SA (CA FP) soared 4.6 percent to 40.02 euros, the highest price since June 2008, as the world’s second-largest retailer announced plans to upgrade 500 superstores in western Europe over the next 2 1/2 years.

Exane BNP Paribas and Kepler Capital Markets raised their recommendations on the stock to “outperform” from “neutral” and to “buy” from “reduce.”

DreamNex SA (DNX FP) surged 3.8 percent to 31.14 euros, the highest price in almost five months. The online retailer of adult-entertainment products said first-half net income rose 15 percent to 5 million euros ($6.5 million).

PSA Peugeot Citroen (UG FP) gained 1.5 percent to 24.17 euros, paring a 1.9 percent loss yesterday. Morgan Stanley added France’s biggest carmaker to its “Best Ideas List.”

Rubis SA (RUI FP) climbed 2.4 percent to 73 euros, gaining for the first day in three. The distributor of liquefied petroleum gas was added to Goldman Sachs Group Inc.’s “conviction buy” list.

STMicroelectronics NV (STM FP), Europe’s largest semiconductor maker, advanced 2.3 percent to 5.63 euros after both Research in Motion Ltd. and Oracle Corp. posted earnings that beat forecasts and signaled that companies and consumers have increased their spending on technology.

Separately, Infineon Technologies AG didn’t rule out paying a special dividend after the sale of its mobile-phone chip making unit, Reuters reported today, citing Infineon Chief Executive Officer Peter Bauer’s interview with DAF investor television.

Technip SA (TEC FP) rose 1.4 percent to 55.66 euros as Goldman Sachs added Europe’s second-largest oilfield-services provider to its “conviction buy” list.

Total SA (FP FP), Europe’s third-largest oil company, retreated 2 percent to 37.86 euros, a third straight loss. Crude oil fell after a measure of U.S. consumer sentiment declined.

To contact the reporter on this story: Francesca Cinelli in Milan at fcinelli@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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