THE TREND
(Boursier.com) — Profit-taking logically outweighed the CAC40 on Wednesday (-0.8% to 6,736 points), after the sharp rebound (+3.08%) yesterday, legitimized by the signals ” positive” detected by Ukrainian President Zelensky after the Russian announcement of a “reduction of military activity” around kyiv. Ukraine has also offered to adopt a neutral status in exchange for guarantees on the country’s security. For their part, the Russian forces are probably seeking to refocus their striking power towards the separatist regions of Donetsk and Lugansk. Tactical effect or definitive choice in this conflict? It’s hard to form an opinion…
The largest increases seen yesterday are often found in the list of the most pronounced declines today, particularly in the automotive sector.
RISING VALUES
* Largely at the top of the CAC40, TotalEnergies recovered almost 3% to 47.1 euros while the barrel of Brent rose to 110 dollars.
* Abionyx Pharma (+28% to 2.54 euros) announced that the US Food and Drug Administration (FDA) has granted orphan drug designation (ODD – Orphan Drug Designation) to Bio-HDL CER-001 for the treatment of lecithin-cholesterol acyltransferase (LCAT).
* Guerbet climbed 3% to 27.65 euros, as the group announced that the European Medicines Agency (EMA) and the American Food and Drug Administration (FDA) had agreed to evaluate the marketing authorization application files. on the market for Gadopiclenol, an investigational gadolinium-based macrocyclic contrast agent. Guerbet recently submitted an NDA (New Drug Application, MA) to the US Food and Drug Administration (FDA), as well as a centralized MA application to the European Medicines Agency (EMA) for Gadopiclenol. The FDA has accepted the request for priority review, which commits it to rule on the file by September 21, 2022.
FALLING VALUES
* Unlike yesterday, Renault occupies the largest drop in the CAC40 (-3.7% to 24.8 euros).
* Similarly, equipment manufacturers Faurecia and Valeo restore 4 to 6%.
* Societe Generale and BNP Paribas also lose nearly 2%.
* Danone returns to 51 euros on Wednesday, down 1.3%, while the broker Jefferies remains buying on the file, but with an adjusted target down from 64 to 58.50 euros.
* Liquid air lost 0.3% to 158.5 euros, without much reaction while Kepler Cheuvreux has just reviewed its recommendation to ‘buy’ to ‘hold’ and also adjust its target price from 179 to 173 euros on the file.