Amundi shares recover the €95.30 level and gain 10% over one month
The asset management company rises sharply during the session, in a Paris market trending higher. It reclaims a threshold that had served as a ceiling and moves above its three moving averages.
A 30-session high broken, now acting as a new support
Amundi shares gain 2.05% to €97.25, compared with €95.30 at the previous day's close. This €95.30 level corresponded to the highest point of the last 30 sessions: the stock broke it upward and it now serves as support. The next resistance is at €97.55, just a few cents above the current price.
The move extends a momentum built over several weeks: +4.57% over seven days and +10.2% over one month. The price is above the MA20 (a gap of 7.13%), the MA50 (6.46%) and the MA200 (14.06%).
The RSI at 72 signals an overbought configuration. In the SBF 120, which rises 1.12% during the session, the stock does not rank among the largest gainers.
Record nine-month inflows and fund tokenisation project
On 29 October, the group reported adjusted net income of €409 million for the third quarter, compared with €340 million a year earlier, with net management fees up 13.1%.
Net inflows reached a record €102 billion over nine months, including Indian transfers, and the ETF platform reached €432 billion in assets under management. On 5 November, Amundi tokenised a share of its STOXX Europe 600 fund on the Ethereum blockchain, with CACEIS. On the macro side, the OAT-Bund spread stands at 1.42 points.
The group also announced on 18 September a €500 million share buyback programme, representing a return to shareholders.
The 29 October results also highlight a currency risk linked to the Indian rupee, which fell by an average of 11% over nine months and weighs on the group's Asian joint ventures. The price remains 0.3% below the €97.55 resistance.
