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 flagship CAC 40 index gained 33.15 points to finish 8,184.75 points. It remains close to its peaks reached earlier in the month, 8,229.25 points in session.
Like Monday, where it finished stable, the Parisian stock market had little to offer investors to encourage 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 whether the next set of results will support the high stock market valuations seen everywhere, estimates 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 when 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 offset by greater pessimism for the months to come, linked to inflation, but also to the political context at hand. approach of the elections.
The Parisian coast 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%.
Atos wants to restructure its debt
After 3.4 billion euros in losses in 2024, the French IT group Atos is now aiming for a global agreement to restructure its significant debt by July. In recent weeks, it has failed to complete the sale of several activities to recover new money.
The stock ended up 0.76% at 1.72 euros, while it was trading around 15 euros at the end of July 2023.
Bollor invests in Rubis
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 Bollor had crossed the 5% threshold via a holding company. of its capital. The company is now worth more than 3 billion euros.
Bollor has a good track record of creating value through the acquisition of minority stakes. He is also familiar with the activities of Rubis having owned assets in oil logistics and electricity storage, estimate Oddo BHF analysts in a note upgrading the company’s recommendation to outperform.
Euronext convinces Unilever
The pan-European stock exchange operator Euronext gained 1.66% to 89 euros. The British hygiene and food giant Unilever confirmed on Tuesday that it was considering a listing of its ice cream division in the Netherlands, and not London with which Euronext was in competition.
Casino is diluted
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 the share capital of Casino prior to the financial operations will ultimately only hold 0.003%. The stock continued to fall, falling 46.36% to 0.10 euros.