21 Jan 2015
CAC hovers near four-month highs
FXStreet (Mumbai) - The French equity index retreated from the days’ high, although prices still hover at the levels last seen in the late September 2014.
The CAC traded 0.11% lower at 4440.00 levels at the time of writing, compared to the previous session’s close at 4446.02 levels. The index breadth is neutral with an advance-decline ratio of 20:20. Among the index stocks, Alstom is the top gainer so far; up 3.59% after the company confirmed its full-year revenue and profit target after posting a 10 percent quarterly sales jump at its remaining rail arm. Other major gainers are Solvay, Accor, Danone, and Technip.
Meanwhile, the losing side includes, Lafarge; down 1.9%, followed by a 1.25% decline in Bouygues. Other major losers are Arcerlormittal, GDF Suez, and Airbus Group.
CAC Technical Levels
The index has an immediate resistance at 4463.29 levels, above which gains could be extended to 4492.39 levels. Meanwhile, support is seen at 4427 and 4334 levels.
The CAC traded 0.11% lower at 4440.00 levels at the time of writing, compared to the previous session’s close at 4446.02 levels. The index breadth is neutral with an advance-decline ratio of 20:20. Among the index stocks, Alstom is the top gainer so far; up 3.59% after the company confirmed its full-year revenue and profit target after posting a 10 percent quarterly sales jump at its remaining rail arm. Other major gainers are Solvay, Accor, Danone, and Technip.
Meanwhile, the losing side includes, Lafarge; down 1.9%, followed by a 1.25% decline in Bouygues. Other major losers are Arcerlormittal, GDF Suez, and Airbus Group.
CAC Technical Levels
The index has an immediate resistance at 4463.29 levels, above which gains could be extended to 4492.39 levels. Meanwhile, support is seen at 4427 and 4334 levels.