(News Bulletin 247) – The Parisian index established a new highest mark during the session this Thursday. Optimism continues to prevail as several mid-sized stocks stand out on the stock market.

Are we witnessing a “fomo” rally (“fear of missing out”)? In any case, the Paris Stock Exchange is not losing its optimism this Thursday, the day before a four-day interruption due to the Easter weekend.

The CAC 40 gained 0.5% to 8,247.52 points and set a new session record at 8,253.59 points.

“The last trading day before a long weekend can often be volatile,” comments Stephen Innes quoted by AFP. “Identifying a specific market driver” by counting “the end-of-month dynamic (…) is akin to finding a needle in a haystack,” he continues.

The big market meeting, the publication of the PCE index, the American Federal Reserve’s preferred measure for gauging inflation, will take place Friday afternoon. The Parisian market will then be closed.

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Soitec dives, VusionGroup rises

Lots of news on the values ​​side. VusionGroup (formerly SES Imagotag) soars 18% after the group published significantly improved results, released cash, and announced the payment of a dividend.

Trigano rose 5.9% driven by another quarter of strong growth. Conversely, Soitec plunges (-13%) after warning that its sales will fall sharply in the first half of its 2024-2025 financial year.

Note that Casino, suspended on Wednesday, continues its stock market plunge, losing 67% after having already fallen by 64% on Monday and 45% on Tuesday. These variations are not surprising because the distributor’s price corrected in the run-up to a massive influx of new shares issued as part of its major financial restructuring (around forty billion shares in total). The settlement and delivery of these shares took place on Wednesday. Casino had warned that the theoretical price of its share – once the various capital increases linked to this restructuring were completed – would be at 0.07 euros or even 0.06 euros taking into account all dilutive instruments. However, the Casino price was still trading at 54 cents last Friday…

On other markets, the euro fell 0.3% against the dollar to 1.0794 dollars. Oil is growing. The June North Sea Brent contract advanced 1% to $86.26 per barrel, while the May contract for WTI listed in New York gained 1.3% to $82.40 per barrel.