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CAC 40: crashes, speculative bubbles and rebirth... 36 years of perpetual change for the flagship index of the Paris Stock Exchange

2024-03-07T16:16:47.000Z

Highlights: The CAC 40 index was created on December 31, 1987, alongside Casino, Club Méditerranée, Crédit Foncier, Darty, Hachette and Havas. In the aftermath of the 1987 crash, the Paris Stock Exchange wanted to equip itself with a precise and homogeneous index to support the dematerialization of stock exchanges. Oil companies, telecoms giants, luxury flagships... the profile of its leaders has constantly changed. Bouygues, Carrefour, L'Oréal, LVMH, Michelin, Pernod Ricard, Sanofi and Société Générale are the only other original members to still feature.


DECRYPTION - Created at the end of 1987 with a value set at 1000 points, it crossed the 8000 point mark this Thursday. Oil companies, telecoms giants, luxury flagships... the profile of its leaders has constantly changed.


Who remembers Arjomari, Compagnie Bancaire, Compagnie du Midi, Dumez, Navigation Mixte, Pechelbronn, Saint Louis or even Télémécanique?

Some of these groups have disappeared from the landscape;

others have changed their name through mergers;

all appeared in the CAC 40 index when it was created on December 31, 1987, alongside Casino, Club Méditerranée, Crédit Foncier, Darty, Hachette and Havas.

Its original value was set to 1000 points.

In the aftermath of the 1987 crash, the Paris Stock Exchange, like London and Frankfurt before it, wanted to equip itself with a precise and homogeneous index to support the dematerialization of stock exchanges.

The first CAC 40 champion is Elf Aquitaine, not yet absorbed by Total, ahead of Peugeot, Air Liquide, BSN (future Danone) and Saint-Gobain.

Bouygues, Carrefour, L'Oréal, LVMH, Michelin, Pernod Ricard, Sanofi and Société Générale are the only other original members to still feature…

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Source: lefigaro

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