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The Paris Stock Exchange expects its best month since November 2020

The Paris stock market rose 1.72% on Friday and 3.73% for the week, after two weeks of richer-than-expected corporate results and pushed the Paris rating to its highest level since early June.

After two consecutive closings of the CAC 40 index in green, the star index in the Parisian market rose 109.29 points, 6448.50 points. Since the start of the month, it has gained 8.87%, its best monthly performance since November 2020, and the development of the Pfizer-BioNTech vaccine against Covid-19.

Markets are benefiting from better than expected results, said Eman Charafa, an analyst at Myria AM.

He noted that major exporters, such as luxury, energy and industrial companies, have emerged today, citing for example TotalEnergies (+3.47% €49.76) or Herms (+7.49% €1334).

Hermes net profit jumped 39.7% in the first half of the year year on year, as did L’Oral’s net profit (+3.78% to 168.10 euros), which was up 36.4% during the same period.

Investors also had a good surprise about French GDP in the second quarter, which came in above expectations, according to Iman Charfa.

After a 0.2% decline in the first quarter, France returned to growth in April-June, posting a more-than-expected dynamic recovery in GDP that rose 0.5% in this second quarter, according to data published Friday by INSEE.

He analyzes that we see a positive contribution from foreign trade compensating for weak domestic demand.

Capgemini stays on course

The computer giant’s share price rose 8.58% to 185.35 euros, after the group dramatically raised its growth target for 2022 the day before.

Renault in a hurry

Renault’s share price rose 5.10% to 28.75 euros per share, after publishing the semi-annual results of the car group, which cut off its Russian activities, but benefited from a total rise in car prices to improve its profitability, which is optimistic for this year.

Vivendi pays for its ads on Editis

Media giant Vivendi, which recently acquired the Lagardre group and French publishing leader Hachette, said it was ready on Thursday to sell its Editis subsidiary, No. 2 in the sector, effectively abandoning a highly controversial marriage.

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Investors imposed heavy penalties for this announcement. The price fell by 7.22% to 9.26 euros.

ADP and Air France take off again

Groupe ADP shares rose 3.86% to 134.60 euros. The director of the Roissy and Orly airports in Paris in particular returned to the green in the first half of 2022, with a net profit of 160 million euros.

Air France-KLM also posted a net profit in the second quarter, for the first time since the summer of 2019 before the health crisis linked to the Covid-19 pandemic hit the air sector. Her title gained 4.39% to 1.34 euros.

Investors are betting on Elior

Elior shares jumped another 14.72% to €3.16, bringing their weekly gain to 48%. Investors are again betting on this headline after posting a rebound in group catering group activity, while the strong impact of the health crisis has derailed in recent months. Since the beginning of the year, the measure still shows a loss of 50% of its value.

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