Paris's CAC-40 index climbs above 8,500 points for first time since February

Paris's stock market, represented by the CAC-40 index, concluded the week with a second consecutive day of gains, climbing 0.39%. This rise pushed the index above the 8,500-point threshold for the first time since February, marking a significant point for the French stock exchange. The session saw initial upward movement, with the index briefly surpassing 8,500 points early on.

However, the market experienced a mid-morning downturn, dipping into negative territory after reaching a high. It hit a low of 8,457.68 points before buyer interest returned, driving the index upward again. This positive trend solidified throughout the afternoon, with the CAC-40 reaching an intraday high of 8,520.85 points before settling at 8,508.07 at the close. The trading volume was relatively low, with €2.779 billion in shares changing hands.

Over the week, the French market appreciated by 0.91%, and by 3.64% over the month. Year-to-date, the CAC-40 has accumulated gains of 4.40%. Among the blue-chip companies, steel group ArcelorMittal stood out with a substantial 5.89% increase. Other notable gainers included environmental services group Veolia (2.80%), energy company Engie (2.06%), stock exchange operator Euronext (1.86%), and automaker Renault (1.66%).

Conversely, automotive manufacturer Stellantis registered the most significant drop, falling 3.47%. Other notable decliners included lens company EssilorLuxottica (1.80%), luxury group Kering (1.62%), cosmetics giant L'Oréal (1.42%), and software company Dassault Systèmes (0.94%).