Despite its formidable rebound, the CAC 40 still carries the stigma of the stock market crash caused by the health crisis. The flagship index of the Paris Bourse has dropped by almost 17% since the start of the year.
But some stocks continue to panic the stock market meters and are now close to their historic highs. This is particularly the case for Hermès: the title has soared by almost 13% since the start of the year. At more than 750 euros Tuesday at the close, the Hermès action is a stone's throw from its peak ... reached on June 5 last at 788.20 euros in session. With an honorable gain of 2% since the start of the year, L'Oréal is also very close to its stock market record (271 euros today, against a peak at 278.50 euros), as is LVMH, the number one world of luxury. However, these companies are far from being spared from the collapse of the global economy. Hermès, for example, saw sales fall 6.5% in the first quarter.
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