GTT Shares Rise 6.52% Over the Week, Defying Market Downturn

The stock of the cryogenic containment system specialist closed on Friday at 166.60 euros, marking a 6.52% increase over the week. This performance starkly contrasts with the downward trend seen in Parisian indices, with the CAC 40 dropping 1.72% and the SBF 120 declining by 1.75% over the same period. Trading volumes were robust throughout the week, peaking on Wednesday with 133,131 shares exchanged. Over the past year, GTT has now posted a cumulative increase of 29.05%, nearly six times the performance of the CAC 40, which stands at 4.73% over twelve months. This upward trajectory continued despite a contained volatility of 6.91% over the last month, a relatively moderate level given the amplitude of observed movements. The stock has risen almost continuously since the beginning of the week, moving from 157 euros on Monday to 162.50 euros on Tuesday, before reaching 165.30 euros on Wednesday.

On Wednesday, October 9, GTT announced it had received an order from its partner Hanwha Ocean shipyard for the design of tanks for a new LNG carrier intended for a North American shipowner. The vessel, with a total capacity of 174,000 cubic meters, will be equipped with the NO96 L03+ membrane containment system developed by the group, with delivery scheduled for the second quarter of 2028. This commercial announcement coincided with the stock's acceleration during the session, breaking the 165 euro threshold before closing at 163.80 euros on Thursday, and then reaching 166.60 euros on Friday. This type of contract is part of GTT's order dynamics, benefiting from the development of the liquefied natural gas market and investments in new maritime transport capacities.