French Stocks: ADP, Credit Agricole, Natixis, Saint Gobain

By Sarah Thompson

Aug. 19 (Bloomberg) -- France's CAC 40 Index retreated 65.65, or 1.5 percent, to 4,383.19 at 9:27 a.m. in Paris. The SBF 120 Index fell 1.4 percent.

The following shares rose or fell in the local market. Stock symbols are in parentheses.

Aeroports de Paris (ADP FP) slipped 1.8 euros, or 3 percent, to 57.52, the first decline in four sessions. The owner of the French capital's Charles de Gaulle and Orly airports said traffic fell 0.5 percent to 8.5 million passengers in July, hurt by a decline in domestic travel.

Cie. de Saint-Gobain SA (SGO FP), Europe's biggest supplier of building materials, lost 1.28 euros, or 3 percent, to 41.97. Vienna-based Wienerberger AG, the world's largest brickmaker, reported a 39 percent drop in second-quarter profit and cut its outlook for annual earnings after the worst homebuilding slump in the U.S. for almost two decades.

Credit Agricole SA (ACA FP) dropped 39 cents, or 2.8 percent, to 13.74 euros. Societe Generale SA (GLE FP) slid 1.66 euros, or 2.6 percent, to 62.75. France's third- and second- largest banks declined in line with peers across Europe as concern deepened financial firms will post more losses as the credit-market turmoil spreads.

Natixis SA (KN FP) dropped 11 cents, or 1.8 percent, to 6.14 euros. Greenlight Capital Inc., an investor in Natixis, said it opposes the French bank's planned 3.7 billion-euro ($5.4 billion) rights offer and wants the bank to sell back stakes in its parent companies to restore capital. Natixis said it plans to go ahead with the offer.

To contact the reporter on this story: Sarah Thompson in London at sthompson17@bloomberg.net.