Imerys Shares Soar Nearly 6%, Leading the SBF 120
The French mining group marked a significant acceleration at midday, fully benefiting from the rebound of the Parisian market. This movement allows the stock to extend the momentum started last week and to widen the gap with its short-term technical benchmarks.
Imerys Leads the SBF 120 in a Parisian Market Boosted by Geopolitical Easing
Imerys surged by 5.83% to €23.60, leading the SBF 120 during the session, while the CAC 40 increased by 1.02% and the SBF 120 gained equally. Thus, the stock marked the highest rise in the index, ahead of Atos, Forvia, and Vicat. The movement is part of a much more relaxed market atmosphere, following the framework agreement between Washington and Tehran announced on an extended ceasefire and the gradual reopening of the Strait of Hormuz. Brent crude fell nearly 3.5% in the session to $84.29/barrel, a drop close to 11% since June 4, which reduces the energy costs for heavy industrials including Imerys. Over the week, the stock has gained nearly 7%, and remains close to the technical resistance of €27.94, still distant. The annual performance remains negative at -17.8%.
The Stock Significantly Above Its Three Key Moving Averages
Today's rebound strengthens the technical recovery that began last week, when the stock had already moved above its MM20 and MM50. At €23.60, the price is now above the MM20 (€21.99, a gap of +7.3%), the MM50 (€21.94, +7.6%) and the MM200 (€22.89, +3.1%), a configuration not seen for several weeks. The RSI at 54 remains in the neutral zone, indicating that today's movement has not yet exhausted the upward momentum. However, the sectoral backdrop remains fragile: the European construction sector, to which the group is exposed through its specialty minerals, continues to be weak (construction climate in France at -17.2 in May, production down 2.8% year-on-year). The next benchmark for operators will be the resistance at €27.94, still more than 18% away.
