CSG is trading 4.04% down at €13.55, tracking a broader decline across the European defence sector.
- The sector fell 2.6% as investors weighed the potential implications of the US election on future military spending.
- Sentiment was further impacted by a forecast cut from industry peer Rheinmetall, weighing on the broader peer group.
- No company-specific news was identified for CSG, suggesting the move is driven by these macro-economic and industry-wide factors.