The Paris Bourse concluded its first session in August with a clear increase (+ 0.95%), supported by solid corporate results, also succeeding in overcoming fears related to the spread of the Delta variant.
Read also: Axa expects to exceed pre-crisis levels in 2021
The flagship index of the Parisian market rebounded 63.14 points to 6,675.90 points, after a decline of 0.32% on Friday.
"After a negative closing session at the end of the month on Friday, we have the impression that the operators are regaining a position at the beginning of the month in markets driven by the high quality of corporate results",
notes Daniel Larrouturou, manager at Dôm Finance . On the Parisian market, investors are bathed in a
"climate of optimism, driven by the good results and in particular those of Axa today and the very good performance of luxury"
, he adds, questioned by AFP .
The concrete action of central banks in terms of monetary support but also the conviction that the rise in prices resulting from the economic recovery will not last, also poured water into the mill of market operators.
The improvement in the economic situation in the French manufacturing sector also contributed to the favorable atmosphere.
"Additional element"
to the general uptrend: the advances in Congress of Joe Biden's plan for infrastructure renovation, potentially leading to some $ 1 trillion over five years devoted to roads, railways, offshore networks. band and water treatment.
Axa pushes the CAC 40
Axa (+ 4.23% to 22.81 euros) pushed the Parisian index throughout the session after the publication of a net profit of 4 billion euros in the first half of 2021, up 71% from compared to the same period in 2019, before the onset of the health crisis.
Behind him, EssilorLuxottica gained 3.04% to 164 euros, hailed for the upward revision of its outlook for 2021. For its part, the trio of luxury stocks formed by LVMH (+ 1.94% to 687 euros) , Kering (+ 2.42% to 774.50 euros) and Hermès (+ 1.63% to 1,310 euros) contributed to the increase in the index.
Bolloré does not convince
The diversified group Bolloré (-1.32% to 4.65 euros) saw its turnover increase by 10% and its net profit rise by 26% in the first half of the year despite the depreciation of certain investments held by its subsidiary Vivendi ( + 0.14% to 28.54 euros), notably Spotify and Tencent Music Entertainment.
On the other hand, among bank stocks BNP Paribas (-0.97% to 50.95 euros) and Crédit Agricole (-0.31% to 11.72 euros) suffered from the decline in sovereign bond yields.