Euronext Paris (CAC 40) - French stock market overview
Week 18 (30.04.2012
–
04.05.2012)Trading week 18 has started on April, 30. It was rather short consisting of only 4 workingdays. From the graph below you can see that
CAC 40
index has moderately decreased in weighton Monday. However, after the holiday it has opened at the starting value which was muchhigher than the closing one at the end of Monday. During Wednesday the index has lost almostthe same number of points as it has gained via increasing the starting value on Wednesday. Verysimilar situation happened on Thursday: the index has been falling, but at the end of the day its
closing price appeared to be the same as the one for the previous day. However, Friday’s trade
in
the stock exchange determined negative development of the index’s value
. During that day CAC40 has fallen down very seriously from 3224 to 3163 points. Overall, the index has fallen by1.58%, which meant that the moderate fluctuations during first 3 days have been outweighed bythe fall on the last one. The highest value that the index has reached was 3271.33 (Thursday),whilst the lowest was 3153.92 points (Friday).
Figure 1: CAC 40 index development during week 18. Retrieved from http://finance.yahoo.com/
The biggest winner this week was
Electricite de France SA
with its 1.18% gain in stock price.
Legrand SA
is at the second place with 0.81% increase in price per share.
Danone SA
’s
stock went up by 0.45% in price which was the third highest gain among the companies that arerepresented in CAC 40. On the other hand,
Axa SA
has had the most significant negative gain instock price of impressive 12.02%. This stock was followed by
Vivendi SA
which hasexperienced more modest decrease of its share value of 8.96
%. The week’s third loser was
Renault SA
. Its price fell by 8.92%.During this week
Electricite de France SA
experienced the biggest rise in stock value of
1.18%. The company’s price per share exploded
on the 3
rd
May. The most reliable reason whythis event took place was the promise made by Mr. Sarkozy recently during his electioncampaign. It states that he will continue investing even more in the development of atomic
energy industry in France in case he is re-elected for presidential position. Electricite de Franceis the second largest electric utility company in the world and it has 58 active nuclear reactors in
France only. This makes the company the most attractive one to be invested in for those who
expect that Mr. Sarkozy will fulfill his promise.
In the future the company’s price developmentwill be determined by the success of President Sarkozy’s election campaign.
Figure 2: Electricite de France SA
’s
Legrand
became the second biggest winner this week with an increase in stock price of 0.81%. Most probably, this small success has been reached via positive news coming from the
confirmation made by the company’s officials
which states that
“
quarterly sales has gone upflatly as demand in emerging economies and the United States helped offset lower growth inother mature markets
” (
Alice Cannet, May 4, 2012)
. In a nutshell, the company’s level of sales
in developing economies increased above the expected level, which put Legrand's operatingmargin
at 20.4 percent of sales, above analysts’ expecta
tions. However,
the corporation’s
sales in
Europe has decreased, which made the company’s success look more m
odest in the eyes of
investors. At the end, Legrand’s price has increased, while most of the companies listed in CAC
40 were forced to decrease their price per share.
Figure 3: Legrand's share price development during week 18, 2012. Retrieved from http://www.reuters.com
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