CAC 40 Ends Slightly Lower, Weighed Down by Luxury and Technology

Telecom and Pharmaceutical Stocks Hold Steady in a Sluggish Market

In this context of low stock market activity typical of the last days of the year, no stock showed a spectacular rise. Orange stood out at the top of the gains with an increase of 0.90% to 14.05 euros.
In the pharmaceutical sector, Sanofi posted a rise of 0.78% to 82.22 euros. Energy giant Engie also progressed by 0.68% to 22.24 euros, while Société Générale gained 0.56% to 68.22 euros. Lastly, aerospace equipment manufacturer Airbus advanced by 0.51% to 196.72 euros, after announcing the delivery of the first A350-1000 to Philippine Airlines, marking the beginning of an order for nine aircraft for the Asian company.

Significant Decline for Capgemini and the French Luxury Sector

Several stocks experienced significant setbacks during this session. Capgemini fell by 2.11% to 141.40 euros, marking the largest decline in the index. The luxury sector, particularly sensitive to changes in the Chinese market, also weighed heavily on the trend. Kering dropped 1.87% to 299.45 euros, following a particularly challenging 2024 for the group, whose third-quarter revenue declined by 10%. The luxury giant had announced at the beginning of December the sale of Kering Beauté to L'Oréal, with completion expected in the first half of 2026. Hermès International, despite being considered the most resilient among French luxury players, was not immune to this sluggishness and lost 1.19% to 2,082 euros. Automaker Renault also declined by 1.50% to 35.54 euros, while Pernod Ricard fell by 1.49% to 72.90 euros.

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