CAC 40 Drops 1.12% at Opening, Luxury Sector Plummets Following LVMH Results
As of 10:30 AM on Wednesday, January 28, the CAC 40 fell by 1.12% to 8061 points. The luxury sector experiences significant declines while STMicroelectronics surged by 3.68%, following in the wake of ASML's results.
Top Performers
STMicroelectronics leads the gains with an increase of 3.68% to 25.34 euros. Legrand is up by 1.44% at 133.5 euros. Carrefour rises by 1.3% to 14 euros. TotalEnergies advances by 0.98% to 59.92 euros. Schneider Electric gains 0.94% to 237.15 euros.
Major Decliners
LVMH plummets by 7.4% to 545.60 euros, marking the steepest decline in the index. Kering falls by 4.68% to 261.65 euros. Hermes drops by 1.88% to 2090 euros. Sanofi decreases by 1.63% to 78.45 euros. Safran declines by 1.39% to 305 euros.
Overall Market Movement
Out of the 40 stocks in the index, 23 are down, 16 are up, and 1 remains unchanged. Trading volumes are low. The midday session is characterized by a marked dispersion in performance, with a majority of stocks trending downwards.
