The Paris Stock Exchange shows signs of recovery on Tuesday during its last session of 2024, low in volume on the eve of the break day granted for the New Year.
After showing a slight drop at the opening, the flagship CAC 40 index rose by 0.33% at 10:30 a.m. Paris time.
“The slightest movements in the market lead to an exaggeration of price action” due to the low volume of transactions carried out in this period between two end-of-year holidays, explains Ipek Ozkardeskaya, analyst for Swissquote Bank.
The day of discussions will be shortened on Tuesday, with the session ending at 2:00 p.m.
Like other world markets, the Paris Stock Exchange will be closed on January 1 for the New Year’s holiday.
The first session of 2025 will therefore open Thursday January 2 at 9:00 a.m.
In the calm of the day, investors are slowly preparing for the year 2025, which could be turbulent from the first weeks with the installation of Donald Trump in the White House in particular.
They will also monitor the evolution of Chinese macroeconomic policies, which President Xi Jinping said on Tuesday he wanted to be “more proactive”.
On the French side, the primary challenge will be to vote on a 2025 budget.
Casino bad student
Casino shares rose 2.05% (to 1.09 euros) at 10:30 a.m. Paris time, after the distributor announced on Monday that it had signed a “firm agreement” on the sale of “a real estate portfolio of 11 sites” for “50 million euros” to the real estate company Icade.
Icade rose 1.80% at the same time.
Facing numerous difficulties, Casino then recorded a decline of 98.61% over the year 2024, the most significant in the SBF 120, larger than Atos (-95.23% over the year at 10:30 a.m.).
Note that the distribution group, now refocused around brands such as Monoprix and Franprix, left the broader SBF 120 stock index on December 23.
Luxury in green
After Xi Jinping’s declarations, the luxury sector, very exposed to the Chinese market, was smiling at 10:40 a.m.: Kering gained 0.40%, Dior 0.25% and LVMH 0.25%. In cosmetics, L’Oréal gained 0.37%.
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