4 Nov 2014
CAC tries to retake 4200
FXStreet (Mumbai) - The French equity index, Cax, is trying hard to sustain gains above the 4200 level, which it lost yesterday by closing at 4194 levels.
The Cac is trading 0.20% higher at 4202. The index breadth is positive with an advance decline ratio of 32:8. However, the index is struggling to sustain gains above the 4200 mark, after hitting a high of 4209. Meanwhile, the shares in the French multinational Publicis Groupe are up 307%, after the company acquired the digital company Sapient in a USD 3.7 billion all-cash deal. Other top gaining stocks for the day are Renault, Gemalto, Michelin and Veolia. Meanwhile, the index is being pressurized by shares of Arcelormittal, L’Oreal, Total, Technip and Alcatel-Lucent.
Among the sectors, the Oil and Gas is the worst performer with the losses of 1.32% today.
Cac Technical levels
The index has a strong resistance located at 4246. On the other hand, the index may fall to 4170 levels if the prices fail to sustain gains above the 4100 levels.
The Cac is trading 0.20% higher at 4202. The index breadth is positive with an advance decline ratio of 32:8. However, the index is struggling to sustain gains above the 4200 mark, after hitting a high of 4209. Meanwhile, the shares in the French multinational Publicis Groupe are up 307%, after the company acquired the digital company Sapient in a USD 3.7 billion all-cash deal. Other top gaining stocks for the day are Renault, Gemalto, Michelin and Veolia. Meanwhile, the index is being pressurized by shares of Arcelormittal, L’Oreal, Total, Technip and Alcatel-Lucent.
Among the sectors, the Oil and Gas is the worst performer with the losses of 1.32% today.
Cac Technical levels
The index has a strong resistance located at 4246. On the other hand, the index may fall to 4170 levels if the prices fail to sustain gains above the 4100 levels.