(Boursier.com) — THE TREND
Investor optimism remained strong this Friday and benefited the Paris stock exchange with a CAC40 up 0.96% at the close, returning to 7,378 points after having crossed the 7,400 point mark during the session. No significant decline was to be reported among CAC40 values and luxury was among the strongest increases against a backdrop of improvement in certain Chinese economic indicators.
Investors heard what they wanted to hear yesterday from the ECB, namely that the monetary authority does not seem to plan to increase its rates further… It raised Thursday for the tenth time in a row the rent of money in the face of persistent inflationary pressures, bringing the deposit rate to 4%, but signaled that this cycle of monetary tightening, the most aggressive since the creation of the institution, was “probably coming to an end”. If the rate hike is now behind us, then this would be the best scenario we could expect…
In the meantime, the euro fell to $1.0670 and oil continued to rise to $93.70 per Brent.
RISING VALUES
Orpea rises by 5% followed by Altamir, Metabolic Explorer (+4%) and Séché
Antin Group regains 3% followed by Aubay (+2.5%) and ADP
At the top of the CAC40, LVMH gains 2.5% while Kering And Hermes progress by 1.5% and L’Oreal takes 2%. The compartment is sought after the publication of Chinese indicators (industrial production and retail sales) higher than expectations, thus confirming that the latest recovery measures taken by Beijing are starting to bear fruit…
Lisa : +2% followed by Interparfums
Capgemini (+1.5%) announced the launch of a research collaboration with the Chair of Electrical Energy Storage Technology at the Technical University of Munich (TUM), to develop artificial intelligence solutions to optimizing advanced and sustainable virtual technologies. This new collaboration will create methods and tools for modeling and development of electric vehicle batteries, including cell-level simulation to help optimize the design of sustainable batteries.
Rexel : +1.5% with Bouygues, Bastide, Renault, Bic and Safran (+1%)
Saint Gobain rose by 1%, while Exane BNP Paribas raised its target from 77.5 to 80 euros with an ‘outperform’ rating.
TotalEnergies (+0.1%), Petrobras and Casa dos Ventos Holding signed a memorandum of understanding to assess the prospects of joint projects in the field of renewable energy and low-carbon hydrogen in Brazil. As part of this agreement, the partners will jointly examine investment and acquisition opportunities in the onshore wind, offshore wind, solar energy and low-carbon hydrogen sectors in the country, taking advantage of the synergies created by the association of the three companies.
FALLING VALUES
Casino relapse of 8% followed by Adocia (-7%) and Lagardère (-7%) with LNA (-6%)
Xilam (-5%) followed by Chargeurs, Tikehau, BigBen, Fnac Darty (-3.5%)
Assystem : -3% with Infotel and Jacquet Metals
Verallia down 2% with Air France KLM
Ubisoft loses 1.3%. Morgan Stanley began monitoring with an ‘online weighting’ opinion and a target of 31.5 euros.
Savencia (-0.7%) saw its half-year turnover increase by 11.7% in published data, including 14.4% organic growth, to 3,376 million euros. In an environment of sustainable inflation, organic growth in Cheese Products was 11.5%, driven by a price effect on all global markets. The group’s local brands continue to grow despite tensions on the purchasing power of consumers who tend to favor more accessible offers. At 112 million euros, current operating profit contracted by 11%. It benefits from price increases and industrial productivity gains, but is penalized by the impact of the drop in global prices of dairy ingredients. Operating income takes into account the exceptional effects linked to the impact of the closure of a Corman workshop and the depreciation of assets.