The Paris Stock Exchange almost stable amid mixed results

The Paris Stock Exchange grabbed a few points on Friday morning, after a small series of mixed corporate results, while defensive positions were taken by investors before central bank meetings next week.

The star CAC 40 index rose by 0.13% or 8.02 points to 7,392.93 points around 9:55 a.m. On Thursday, it had gained 0.79%, rising like other major European stock markets after well-received corporate results.

On Friday, companies like Vivendi (+1.48%), Danone (+1.05%) or Engie (+0.70%) were in a good position within the CAC 40.

After some disappointing results and with the approach of the European and American central bank meetings scheduled for next week, operators are beginning to be cautious.

On the bond market, the interest rate of the French ten-year debt was worth 3%, as at the close of the day before.

Thalès and Dassault Aviation disappoint

The French defense and technology group Thalès posted a net profit up 15% in the first half, taking advantage of the renewed dynamism of the aeronautics sector, which enabled it to slightly revise upwards one of its annual financial objectives. Its action lost 4.39% to 133.95 euros.

In the first half, Dassault Aviation (-8.97% to 165.70 euros) recorded ten times fewer orders than during an exceptional same period of 2022, but saw its net profit increase by a third thanks to its financial profitability.

Ubisoft beats its target

The French video game publisher Ubisoft, penalized by the postponement of several titles, recorded a turnover down 8.2% in the first quarter of its staggered 2023-2024 financial year, to 288.9 million euros, but above its objective, he announced Thursday. Its title gained 5.48% to 28.74 euros.

Sartorius Stedim Biotech expected

The supplier of materials for the biopharmaceutical sector recorded a drop in its activity and its profitability in the first half of the year due to “temporarily weak demand”. However, demand should “gradually pick up again in the second half of 2023”, according to René Fáber, the group’s managing director.

These results were expected after the announcement in June of lowered sales forecasts for 2023, which had caused the price to fall by nearly 13%. The action rose 4.72% to 248.90 euros around 9:55 a.m.

Hopium wedge

The French start-up Hopium, which still recently promised to put the first hydrogen sedan on the market, announced on Friday in a press release its placement in receivership as it faces significant financial difficulties.

The quotation of its title was suspended at 0.88 euros (-2.22%) since 9:30 a.m., due to excessive variations in its price.