Vicat stock declines over 3%, weighed down by oil surge

A pullback that pushes the stock below its first two moving averages

Early afternoon, Vicat loses 3.21% to €63.40, compared to a close of €65.50 the previous day. This move places the stock among the sharpest declines in the SBF 120, within an index itself declining 0.46% during the session. The pullback crosses two technical thresholds downward: the stock falls below the 20-day MA at €65.17 (deviation of -2.72%) and below the 50-day MA at €64.06 (deviation of -1.03%).

The 200-day MA at €67.51 remains clearly above, more than 6% from the current price, confirming that medium-term pressure remains downward. The RSI at 53 sits in neutral territory, with no short-term seller exhaustion signal. On volatility, the VIX surges nearly 11% during the session, reflecting heightened nervousness across all markets.

Middle East escalation and Brent at $95 weigh on cost prospects

The military escalation between Iran and the United States, which extended on Wednesday, September 2, 2026 to several Gulf countries (Jordan, Iraq, Bahrain, Kuwait), triggered a surge in Brent to $95.40 per barrel, up 5.43% during the session. For a cement maker like Vicat, whose energy costs impact margins, this crude surge constitutes an unfavorable contextual element, especially as the group had itself identified, upon publication of its Q1 2026 results on May 4, 2026, the risk of a prolonged Middle East conflict likely to affect its energy costs. The 2026 guidance, namely moderate growth in revenue and EBITDA on a constant scope and exchange basis, had been communicated in this same context.

On recent performance, the stock erases most of the rebound displayed Friday, August 28, which had brought it back among the gains in the SBF 120. Performance over one month returns to -3.21%, although the quarter remains positive at +3.43%. The support at €59.80 represents the next level to watch if selling pressure were to extend.