The Paris Bourse set a new record in session Tuesday, exceeding its mark of November 19, carried by a bullish “rally” at the end of the year and sweeping away short-term fears concerning the impact of the pandemic.
The flagship CAC 40 index hit its high at 7,183.35 points at 11:17 am, up 0.60% from Monday’s close. His previous record was 7,183.08 points.
With the end of the year celebrations, “most of the players have left the market, there is very little active asset management. The indices no longer have any barrier to their progress, let themselves be carried away”, summarizes AFP Nicolas Chéron, strategist for Zonebourse, noting that historically, December is the second of the best months of the year. Since December 1, the Paris index has gained nearly 7%.
The Parisian coast had its worst session in a year and a half (-4.75%), on November 26, under the effect of the discovery of the Omicron variant of Covid-19.
Nothing seems to be able to scare the markets, not even the explosion of contaminations in France, in Europe and in the world due to this same variant.
“The markets understood that the situation was serious, but under control and not catastrophic”, supports Nicolas Chéron.
Because if the variant is more contagious, the first studies tend to show that its dangerousness is lower, in terms of death and hospitalization.
The health restriction measures put in place by governments, as in France on Monday, block economic activity less than the confinements decreed during previous waves and economic life does not stop as in March 2020.
Almost all stocks took advantage of the momentum of the day, with only two negative.
Among the most significant increases are the companies that made the most progress of the year, such as Veolia (+ 2.02% to 32.34 euros), the Eurofins Scientific analysis laboratory (+ 1.68% to 111, 54 euros), or even Capgemini (+ 1.63% to 218.60 euros).
These three groups have taken more than 60% on the stock market since January 1.
fs / ico / LyS