French Stocks: DreamNex, Suez Environnement, SocGen, Total Move
France’s CAC 40 Index lost 33.9, or 0.8 percent, to 4,032.63 as of 3:42 p.m. in Paris. The broader SBF 120 Index declined 0.7 percent.
The following is a list of companies whose shares rose or fell in the French equity market today. Stock symbols are in parentheses.
DreamNex SA (DNX FP) dropped 1.5 percent to 27.33 euros. The online retailer of adult-entertainment products said fourth- quarter sales fell 9.9 percent to 14.8 million euros ($20 million).
Societe Generale (GLE FP) lost 3 percent to 46.50 euros. Oddo & Cie. reiterated its “reduce” rating on France’s second- largest bank, saying the 2012 net profit target of 6 billion euros indicated in Societe Generale’s business plan will be “difficult to meet.”
Suez Environnement Co (SEV FP) declined 1.9 percent to 15.14 euros. Europe’s second-largest water company was cut to “equal weight” from “overweight” at Morgan Stanley.
Total SA (FP FP) slipped 1.3 percent to 43.44 euros as protesters in Yemen held a “Day of Rage” against the country’s president. The biggest French oil company owns about 40 percent of Yemen LNG, a liquefied natural-gas venture in the poorest Arab country.
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