By Sarah Jones
Sept. 14 (Bloomberg) -- France’s CAC 40 Index retreated 45.35, or 1.2 percent, to 3689.54 at 10:20 a.m. in Paris, trimming some of last week’s 3.8 percent advance. The SBF 120 Index lost 1.2 percent.
The following are among the most active stocks in the French markets today. Stock symbols are in parentheses.
BNP Paribas SA (BNP FP) fell 1.23 euros, or 2.3 percent, to 51.70 after Nomura Holdings Inc. lowered its recommendation for France’s biggest bank by market value to “reduce” from “buy.”
Shares of Societe Generale SA (GLE FP), the second- largest, were also downgraded at Nomura to “reduce” from “neutral.” The shares fell 1.47 euros, or 2.9 percent, to 49.34.
Club Mediterranee SA (CU FP) climbed 41 cents, or 3.2 percent, to 13.31 euros. Europe’s largest resort company has no plan to raise funds, Investir reported, citing an interview with Chief Executive Officer Henri Giscard d’Estaing.
Groupe Partouche SA (PARP FP) sank 36 cents, or 11 percent, to 3.06 euros. France’s biggest casino operator said third-quarter revenue fell to 107 million euros ($155 million) from 116.4 million euros a year earlier.
PSA Peugeot Citroen (UG FP) dropped 99 cents, or 4.6 percent, to 20.38 euros. Credit Suisse Group AG lowered its recommendation for Europe’s second-largest carmaker to “underperform” from “outperform,” citing the stock’s increase this year and the possible size of a decline in sales as incentive plans end.
Total SA (FP FP) lost 56.6 cents, or 1.4 percent, to 41.22 euros. Crude oil fell for a second day as higher U.S. fuel stockpiles raised concern that gains in prices may have outpaced the recovery in the global economy.
To contact the reporters on this story: Sarah Jones in London at sjones35@bloomberg.net.
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