The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
The Paris Stock Exchange ended up 0.41% on Tuesday, remaining close to its peaks, with investors still having little news to get their teeth into before the end of the week.
The star CAC 40 index gained 33.15 points to finish at 8,184.75 points. It remains close to its peaks reached earlier in the month, 8,229.25 points during the session.
Like Monday, where it finished stable, the Parisian stock market had little to offer investors to push them to take positions.
Between two periods of financial results, the annuals of 2023 and those of the first quarter of 2024, which begin in mid-April, investors have little company news to get their teeth into.
“Investors are starting to wonder if the next set of results will support the high stock market valuations seen everywhere,” said Pierre Veyret, analyst at ActivTrades.
On the macroeconomic side, the week is also calm, after the central bank meetings last week and while the main expected data, inflation in euro zone countries for March and in the United States for February, will only be published Friday, the day the Paris Stock Exchange will be closed.
On the indicator side on Tuesday, consumer confidence in the United States remained stable in March, a better perception of the current situation having been counterbalanced by greater pessimism for the months to come, linked to inflation, but also to the political context as the elections approach.
The Parisian stock market has been experiencing a period without turbulence for several weeks: over the past two months, only one session has seen a variation greater than 1%.
After 3.4 billion euros of losses in 2024, the French IT group Atos is now aiming for “a global agreement” to restructure its significant debt “by July”. The stock ended up 0.76% at 1.72 euros, while it was trading around 15 euros at the end of July 2023.
The company specializing in the storage of industrial and petroleum liquid products Rubis jumped 12.46% to 31.60 euros, after the publication of an AMF notice reporting that Vincent Bolloré had crossed the threshold of 5% of its capital. The company is now valued at more than 3 billion euros.
Pan-European stock exchange operator Euronext gained 1.66% to 89 euros after British hygiene and food giant Unilever confirmed it was considering listing its ice cream division in the Netherlands, not in London with which Euronext was in competition.
The distributor Casino, about to fall into the hands of Czech billionaire Daniel Kretinsky on Wednesday, announced on Monday that it was launching the capital increases provided for in its safeguard plan, and specified that its stock price would be suspended on Wednesday.
A shareholder holding 1% of Casino’s share capital “prior” to financial transactions will ultimately only hold 0.003%. The stock continued to fall, falling 46.36% to 0.10 euros.
Euronext CAC40