Legrand Shares Climb Over 3.5%, Leading the CAC 40

The Stock Takes the Lead in the CAC 40, Marking Its Best Week Since Spring

Legrand shares gained 3.72% to €150.40, leading the CAC 40 from the opening, while the index rose by 0.43%. This movement extends the rebound of nearly 6% recorded the previous day, which had already placed the stock at the top of the index. Over the week, the stock now shows a gain of more than 10%, erasing almost all of the decline since the historic peak on May 7. The performance is built in a Paris market supported by the retreat in oil prices and geopolitical easing following the memorandum signed between Washington and Tehran.

Airbus (+2.87%) and Schneider Electric (+2.62%) accompany the rise, indicating a renewed interest in industrial cyclicals. Over one year, Legrand maintains a gain of more than 35%. The context remains favorable on the activity side: external growth has accelerated with the acquisition of American Girtz Industries announced on June 10, the sixth operation of the year following SRS Power Engineering in Malaysia. These two cases target data centers, a segment where the Limoges-based group continues to strengthen its exposure.

Crossing the MM50 Confirms Technical Recovery After Mid-June Low

The rebound was initiated when the RSI fell to 29 on June 15, in the oversold zone, after breaking the support at €143.80 at the beginning of June. The stock today moves back above its 50-day moving average (€148.51), with a gap of 1.27%, and reinforces its position above the MM20 (€144.69) and MM200 (€139.54). The RSI returns to 51, in neutral territory, which leaves room before a possible overheating signal.

The next friction zone is at €157.40, a level that had served as a ceiling in the spring before the record high of €166.95 on May 7. The construction sector remains a fundamental point of vigilance, with a construction climate in France at -17.2 in May and a production decline of 2.8% year-on-year, but the group's increasing exposure to data centers and the energy transition continues to distance Legrand from dependence on the European residential cycle.