France’s CAC 40 Index advanced
60.74, or 1.5 percent, to 4,070.38 at the 5:30 p.m. close in Paris, paring this week’s decline to 2.1 percent. The SBF-120 Index increased 1.6 percent today.
The following shares rose or fell in Paris. Stock symbols are in parentheses.
CGGVeritas (GA FP) surged 9.8 percent to 26.14 euros. The world’s largest seismic surveyor of oilfields said its fourth-quarter net loss narrowed to $35 million from $411 million a year earlier.
Eiffage SA (FGR FP) soared 8.5 percent to 43.79 euros. France’s third-largest construction company estimated that sales this year will increase 3 percent to 13.7 billion euros ($18.9 billion).
Cie. de Saint-Gobain SA (SGO FP), Europe’s biggest supplier of building materials, gained 5.5 percent to 43.03 euros. Chief Executive Officer Pierre-Andre de Chalendar said net income will “significantly” increase in 2011. He also said that energy and raw material costs will climb at a faster pace in 2011 than they did in 2010.
Thales SA (HO FP) increased 3 percent to 27.43 euros. Europe’s largest defense-electronics producer said its net loss shrank to 45 million euros last year and it forecast that it will “swiftly return to profitability.”
Valeo SA (FR FP) jumped 9.6 percent to 44.72 euros. France’s second-largest auto-parts supplier posted a full-year profit because of an Asian-led recovery in auto demand, beating analysts’ predictions and its own forecast. Chief Executive Officer Jacques Aschenbroich said Valeo will raise its medium-term targets next month, in an interview published in French newspaper Les Echos today.