(BFM Stock Exchange) – The index CAC 40 On Thursday, the recovery from the previous day continued at almost the same pace (+1.36%), still supported by the flow of publications reflecting a good quarter, especially for Rexelveralia, Lisa or even SergeFerrari.
For the first time since April 4, the CAC 40 closed beyond 6,700 points on Thursday, marking another rebound of 1.36% to 6,715.10 points, the day after a 1.38% gain. Company releases continued to boost the rating, while inflation, which worries operators, came in slightly lower than expected in the zone. euros† In second reading, consumer prices ultimately rose 7.4% year-on-year in March, up from 7.5% in an earlier estimate.
So far, publicly traded companies’ publications for the first three months have provided an encouraging response to their ability not to let inflation affect their financial performance, by passing on the increase in their costs into their own selling prices without any apparent problem. A decisive factor to reassure investors, who have been concerned in recent months about the acceleration of inflation in most major economies.
Verallia excels after quarterly sales
This ability to set prices (or “price power”) isn’t just on the luxury side, as a number of industrial stocks took notice on Thursday. The glass packaging specialist Verallia rose by 11.4% after announcing a strong acceleration of its sales in the first quarter to +23.9% (of which more than 10% due to price increases), confirming its targets for 2022. produces composite fabrics for light architecture, also grew by 8.3% there after strong growth in the first quarter, the Dauphine group even increased its ambition for the year in view of the price increase it can pass on. Good growth also for Lisaan aviation equipment manufacturer, which won 8%, or for Rexelthe distributor of electrical equipment closed with a profit of 6.4%.
SFPI Group, a manufacturer of construction and industrial capital equipment, rose 15.3% after publishing its full-year results for the past fiscal year. The group shows optimism for 2022 with an ambition of approximately 600 million euros in turnover.
Within the CAC 40these are also industrial stocks such as Saffron (+4.1%), holy gobain (+3.6%) and very well (+3.6% also) which took the lead in the flagship index, Alstom followed by a 3.2% increase following the signing of a framework contract with the Department of Transport in Victoria, Australia, for the supply of 100 new generation Flexity low-floor trams.
Carrefour and Eurofins Scientific in decline
By contrast, Carrefour lost 3% while the distributor underperformed expectations in France, its main market. The title had had a pretty solid run thus far, gaining over 25% since the start of the year.
Eurofins Scientific, for its part, fell 4.75% after announcing quarterly sales, just in line with expectations and an increase in its 2022 targets considered timid by operators. Maurel & Prom fell 7.9% after a disappointing first quartercharacterized by a slowdown compared to the last quarter of 2021.
A few days after a sharp decline linked to fears of a slowdown in demand with global growth, oil prices rose again. the Brent bounced back to $108.60 (+1.69%) at the end of the day and the WTIA at $104.28 (+1.49%).
In the foreign exchange market, theeuros after a week high of more than $1.09, it fell to $1,085 (-0.1%) at the end of the day.
Guillaume Bayre – ©2022 BFM Bourse
