French Stocks: AXA, Bongrain, Haulotte, Sanofi-Aventis, SocGen

France’s benchmark CAC 40 Index fell for a third day, dropping 0.9 percent to 3,928.68 at the 5:30 p.m. close in Paris. The gauge has fallen 2.3 percent this week. The broader SBF-120 Index lost 1 percent to 2,942.1 today.

The following shares rose or fell in the French equity market today.

AXA SA (CS) retreated 2 percent to 14.61 euros, its third consecutive decline. Insurance stocks fell across Europe after the biggest earthquake on record unleashed a seven-meter- tall tsunami that engulfed towns along Japan’s northern coast.

Bongrain SA (BH) surged 3.1 percent to 64.80 euros. The dairy-product manufacturer said net income jumped 83 percent in 2010 to 81.4 million euros ($112.8 million) from 44.5 million euros in 2009.

GFI Informatique (GFI) jumped 3.4 percent to 3.62 euros, the highest price since October 2009. The computer-services company posted net income of 12 million euros in 2010 after a loss of 57.8 million euros in 2009.

Haulotte Group (PIG FP) sank 6.7 percent to 13.23 euros, the lowest price in more than a month. The maker of lifting platforms for building sites said it won’t pay a dividend for 2010. The company’s loss narrowed to 42.2 million euros last year from 55.7 million euros in 2009.

Sanofi-Aventis SA (SAN) fell 2.5 percent to 49.39 euros, its third loss this week. Daiichi Sankyo Co., Japan’s third- largest drugmaker, will recall shots of a pediatric vaccine made by Sanofi after it found a foreign substance in the syringes.

Societe Generale (GLE) SA snapped two days of losses, adding 1.7 percent to 46.75 euros. UBS AG reiterated its “buy” rating on Societe Generale and said in a note that the bank should trade at premium to BNP Paribas SA.

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

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.