Saint-Gobain Shares Soar Nearly 6%, Marking the Highest Rise in the CAC 40

Sale of Dahl to Kesko for 1.518 Billion Euros Boosts Value During Trading

Saint-Gobain's stock climbs 5.6% to €80.00 mid-morning, marking the highest rise in the CAC 40 as the index itself advances by 1.08%. This movement follows Monday's announcement of the sale of its Dahl distribution branch to Finnish Kesko for an enterprise value of €1.518 billion. The transaction covers Sweden, Norway, and Denmark, and is expected to be finalized by early 2027, pending approval from competition authorities. This extends the trajectory of refocusing begun with the divestiture of HKO in early June, as part of the 'Lead & Grow' plan. The operation reinforces the momentum started last week, with the stock now up +11.42% over three months, although the annual balance remains negative (-16.49%).

A Marked Technical Rebound Brings the Stock Price Back to its Resistance at €80.24

The stock crossed its €80.24 resistance during the session, reaching a high of €80.68 before slightly falling below the threshold. The rise repositions the price well above the 20 and 50-day moving averages (€75.95 and €76.40), with a gap of more than 4% in both cases, indicating a clear recovery in short-term dynamics. The 200-day moving average at €82.95 remains 3.56% above the current price, marking the next threshold to watch. The session's context provides indirect support with Brent crude dropping 3.48% to $84.29, following the announcement of an American-Iranian framework agreement on the Strait of Hormuz, which reduces the energy costs for industrial players in the sector. The construction environment remains deteriorated in Europe (construction climate in France at -17.2 in May), which justifies the group's continued portfolio arbitrages.