French Stocks: Credit Agricole, Societe Generale, Cafom, Euro Disney Move
France’s CAC 40 Index fell 1.2 percent to 3,730.58 at the 5:30 p.m. close in Paris. The broader SBF 120 Index fell 1.2 percent to 2,758.88.
The following stocks are among the most active in the French equity market today. Stock symbols are in parentheses after company names.
Cafom SA (CAFO FP) advanced 1 percent to 15.68 euros, its third consecutive advance. The distributor of household furnishings said full-year net income rose to 6.5 million euros ($8.5 million) from 1.9 million euros a year earlier, while first-quarter sales totaled 58.6 million euros, up from 51.7 million euros.
Euro Disney SCA (EDL FP) increased 2.9 percent to 4.27 euros, the stock’s highest price since May 13. The theme-park operator said third-quarter sales rose 21 percent to 373.3 million euros, as revenue from real estate increased by 50 million euros.
Maisons France Confort (MFC FP) dropped 5.2 percent to 30.75 euros, the shares’ largest drop since May 14. The house builder reported second-quarter revenue of 112.8 million euros.
Societe Generale SA (GLE FP) fell 2.8 percent to 45.07 euros, its largest decline since July 16. Credit Agricole SA dropped 2.3 percent to 10.98 euros. The shares of both companies paced European banks lower after Danish rival Danske Bank A/S reported earnings that missed analyst estimates.