CAC 40 Index Declines; Evolis, Keyrus, 1000Mercis, Orpea, Peugeot Advance
The following shares were among the most active in the French equity market today. Stock symbols are in parentheses after company names.
Evolis (ALTVO FP) rose 1.2 percent to 13.03 euros, a third straight gain. The maker of plastic-card printing devices said first-half profit rose to 2.8 million euros ($3.6 million) from 1.3 million euros a year earlier.
Keyrus (KEY FP) soared 3.5 percent to 1.20 euros, the stock’s highest price since May. The computer-services company reported a first-half net income of 1 million euros, compared with a year-earlier loss.
Mersen SA (MRN FP) surged 4.7 percent to 30.15 euros, the biggest gain since May. Chief Financial Officer Thomas Baumgartner said that the favorable impact of a falling euro will accelerate in the second half of the year. Acquisitions will add about 40 million euros to revenue this year, he told reporters in Paris.
1000Mercis SA (ALMIL FP) climbed 1.4 percent to 36.50 euros, extending yesterday’s 7.8 percent surge. The Internet marketing company said first-half sales rose 18 percent to 16.1 million euros.
Peugeot SA (UG FP) soared 3.9 percent to 24.28 euros, the highest price since July. The carmaker was raised to “overweight” from “underweight” at Morgan Stanley.
Renault SA (RNO FP) increased 1.8 percent to 36.40 euros. France’s second-biggest carmaker doesn’t aim to sell its stake in Swedish truckmaker Volvo AB soon because the manufacturer has enough funds to reduce debt, Chief Operating Officer Patrick Pelata said.
Total SA (FP FP) fell 1.6 percent to 38.79 euros. The oil company will give priority to exploration over acquisitions to boost reserves and production, Chief Executive Officer Christophe de Margerie said today in London.
Crude oil for October delivery fell $1.50, or 2 percent, to $75.30 a barrel at 11:21 a.m. on the New York Mercantile Exchange. Prices are down 5.1 percent this year.
Technip SA (TEC FP), Europe’s second-largest oilfield- services provider, lost 1 percent to 55.39 euros.
Vinci SA (DG FP), France’s largest construction company, fell 1.3 percent to 37.22 euros. BofA Merrill Lynch Global Research cut its recommendation on construction shares to “underweight.”
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