The Paris Stock Exchange ended in balance on Monday at the end of a dull session, the fault of the lack of major indicators after a very busy week in the news.
The flagship CAC 40 index fell by 0.32 points to finish at 8,151.60 points. On Friday, the Parisian coast fell by 0.34% and posted a slight weekly decline (-0.15%), due to values in the luxury sector at half mast.
Since the start of the year, he has gained more than 8%, breaking his points records several times.
Monday, after a stable opening, the Parisian coast fell to almost 8,100 points before making up its losses.
There is very little volume of trade, underlines Frédrique Rozier, manager at Mirabaud. Faced with tense geopolitical news, we sense a market that wants to reassure itself, by highlighting sectors less subject to the economic situation, such as defense or health.
Not so long ago, the market would have been more nervous with this kind of news, he adds, however.
Investors still have to digest the central bank meetings of the past week. The conclusions confirmed that these institutions were going to lower their key interest rates, but that they still had to wait for new elements to be sure of initiating the movement.
Further information on inflation is expected on Friday in the United States and in certain eurozone countries. But the Paris Stock Exchange, like many of its European counterparts and Wall Street, will be closed for Good Friday as well as Easter Monday.
Dassault Aviation propel
Aircraft manufacturer Dassault Aviation jumped 7.31% to 207 euros on Monday after a favorable recommendation from Exane analysts. It followed in its wake Thals (+1.94% 160.25 euros). Both stocks are their all-time highs.
Atos will publish its results on Tuesday
The board of directors of Atos, in complete disarray, will communicate in due course on its position regarding the plan of its first shareholder Onepoint, declared Monday the French IT group, which will present on Tuesday its annual results which have been published several times postpone.
Its action fell by 2.87% to 1.71 euros, its historic low and down more than 75% since January 1.
Believe waits to believe in Warner
The board of directors of Believe (+4.42% 16.52 euros) on Monday invited Warner Music Group (WMG), which has expressed its interest in taking control of the unicorn, to submit a formal offer by April 7. Warner’s potential proposal, 17 euros per share, is in competition with another existing offer, formulated by a consortium founded by Denis Ladegaillerie, boss of Believe, joined by the TCV and EQT funds, 15 euros per share.
The Financial Markets Authority ruled on Friday that this consortium acted in violation of the principles of loyalty and transparency by removing one of its suspensive conditions with a view to its public purchase offer when it had become aware of the interest of WMG but that it was not yet public.