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CAC opens weak

FXStreet (Mumbai) - The French equity index opened lower today, although the index is slowly attempting to rise towards the yesterday’s closing level.

The Cac is trading 0.34% lower at 4194, after having opened the day at 4163.5 levels. The index had closed at 4208.41 levels during the previous session. The index breadth is negative today with an advance decline ratio of 16:24. Among the stocks, Credit Agricole and Societe Generale are trading lower by 4.39% and 2.54%, respectively, despite posting an increase in the quarterly earnings. Meanwhile, the shares in Veolia Environment gained 3.36% posting a rise in profit and sales in the first nine months of the year. Other gainers for the day includes Technip, Cap Gemini, Arcelormittal, Michelin.

CAC Technical Levels

The index has an immediate resistance at 4246, above which the prices can rise to 4277 levels. Meanwhile, support is seen at 4180 and 4167 levels.

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