THE TREND
(Boursier.com) — Difficult for the Paris stock exchange not to retreat today after a third session of correction in the American markets last night. The CAC40, which remained on two positive sessions, therefore corrects in turn this Friday. The Parisian index fell by 1.15% at the end of the morning around 7,110 points. Over the week, the CAC40 is now down 0.5%.
Investors are nervously awaiting the meeting of the Fed’s Monetary Policy Committee next Tuesday and Wednesday, from which they hope for new indications on the strategy to adopt against inflation. The market anticipates an acceleration of the institution’s monetary policy tightening with an increase in interest rates as of March.
RISING VALUES
* Saffron and crossroads are the only two values of the CAC40 to be displayed very slightly in the green in the middle of the day.
* Boiron jumped 10% to 40 euros. The homeopathic medicine specialist reported a 2021 turnover down 11.4%, following the delisting of homeopathy on January 1 in France, and the absence of winter pathologies in the first quarter. , attributable to the context of the global health crisis. This decline was contained thanks to sales of new products which amounted to around 50 ME, a significant part of which came from sales of COVID tests, mainly in France and Belgium. In the fourth quarter alone, revenues increased by 2.9%.
* GL Events climbed nearly 5% to 17.7 euros. The events specialist has unveiled 2021 turnover of 741.2 ME, up 54.6% (+55.5% LFL). In the 4th quarter, revenues reached 303.4 ME with a volume of activity almost tripled compared to the 4th quarter of 2020 and a virtual return to the level of 2019. This performance, in a context that is still complex from a health point of view , illustrates the strong momentum of demand recovery as soon as the authorizations to gather are granted, but also the ability of GL Events to redeploy its offer with reactivity, underlined the group. Given the level of activity achieved last year, GL Events confirmed its objective of net income Group share above 10 ME against a net loss of 74 ME in 2020.
* Pierre and Holidays rose 2.6% to 7.18 euros. After solid performances over the summer season, business growth continued in the 1st quarter of the 2021-2022 financial year with revenue up 112.7% compared to the same quarter of 2021-2022. previous financial year, at 355.5 million euros, but still down 5.2% compared to the first three months of the 2019-2020 financial year. For the ‘tourism’ activity alone, the 1st quarter of 2021-2022 posted better performances than the 1st quarter of 2019/2020, pre-Covid crisis with an increase in turnover of +2.1% of which +3.6 % on accommodation…
FALLING VALUES
* Stellantis gives up about 3% to 18.2 euros following the sale by the Chinese group Dongfeng Motor Corporation of 1.28% of its capital at a price of 18.3 euros per share and for an amount of 732 million euros. The Chinese automotive group sold this share, involving 40 million shares, as part of an accelerated placement with institutional investors. The price therefore had a discount of nearly 3% on last night’s closing prices. The Chinese still holds 3.2% of the capital of Stellantis.
* Soitec remains down 1.6% to 165 euros. The surprise choice of Pierre Barnabé to succeed Paul Boudre at the head of the Isère company caused a real outcry in the trading rooms, especially since this appointment is not at all to the taste of several leaders of the group. who regret the “opacity” and “rush” of this recruitment process. In a letter addressed to the Board of Directors, which leaked in the press, the Executive Committee deplores “the takeover of Soitec by the Chairman of the Board of Directors for 3 years, which culminates today with the incomprehensible appointment of a new general manager. Obliged to react to these ‘accusations’, the manufacturer of semiconductor materials affirms this morning that “the announcement of the succession plan for the general management of Soitec, on January 19, is the result of a rigorous decision-making process based on a detailed assessment of the Group’s needs for the next phase of its development… The process, which began in March 2021, was conducted in accordance with the highest governance standards and with the full support of Soitec’s main shareholders. of Paul Boudre, Pierre Barnabé, has all the qualities and experience required to lead Soitec as Chief Executive Officer in order to achieve our ambitious objectives”.
* Airbus (-1.6% to 113.9 euros) announced Thursday evening the cancellation of the contract for an order of 50 A321neo by Qatar Airways, while the two groups have been opposing for months about another model from Airbus, the A350. The canceled contract was concluded ten years ago and then represented $4.6 billion at list prices. It was then modified to integrate 10 copies of the new version of the A321.
* L’Oreal lost 0.6% to 378.60 euros on Friday, despite HSBC which upgraded the file from 374 to 407 euros with a notice to ‘buy’.
* Alstom fell again by more than 3%, back to 32 euros. Among the latest opinions from analysts, Invest Securities adjusted the cursor on the record from 43.9 to 42.4 euros, while remaining on the buy side.