France Stocks Close Higher as CAC 40 Gains 0.31%

22 Jan, 2025

France's stock market experienced gains on Monday, led by strong performances in the Financials, Industrials, and Basic Materials sectors. The CAC 40 index rose by 0.31%, reaching a new three-month high, while the broader SBF 120 index also climbed 0.31%. These developments underscore a positive momentum in the French market.

Among the standout performers on the CAC 40, Societe Generale SA saw its shares surge by 2.52%, closing at €29.47, marking a 52-week high. ArcelorMittal SA followed with a 2.29% increase, finishing at €23.24. Stellantis NV also contributed to the gains, rising by 2.26% to close at €12.84. These stocks significantly bolstered the overall market sentiment.

On the downside, Engie SA faced the largest decline on the CAC 40, dropping by 1.74% to €15.80. Renault SA fell by 1.23%, ending at €48.17, while LVMH Moet Hennessy Louis Vuitton SE experienced a 1.01% dip, closing at €683.10. Despite these losses, the broader market trends remained optimistic.

The SBF 120 index highlighted additional strong performances. Eutelsat Communications SA led the charge with a 3.53% gain, closing at €2.23. SEB SA rose by 3.51% to €90.05, and Nexity climbed by 2.96% to end at €12.17. However, there were also notable declines, with Clariane SE losing 4.19%, Worldline SA dropping 2.78%, and Ubisoft Entertainment falling by 2.47%.

Overall, rising stocks outpaced decliners on the Paris Stock Exchange, with 276 gaining, 222 declining, and 94 remaining unchanged. The session's highlights, particularly Societe Generale's milestone, reflected growing investor confidence in the French market's stability and growth potential.

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