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Hermès registered largest France’s CAC 40 index increase on July 17, 2019

Hermès registered largest France’s CAC 40 index increase on July 17, 2019

With +1.74% increase, Hermès is the most successful CAC 40 company.

By Luxus Plus

The value of Hermès International started at 636 euros yesterday morning and ended at 645 euros, seeing an increase of 11 points in one day.

The share price even reached 649 euros at its peak of the day around 12:30.

This strong increase can be linked with the rise of Swatch on the Swiss market of 6%: the beautiful promises of the watchmaker seems to have pulled up a part of the luxury sector as shown by the rise of LVMH of 0.7%.

Since January, the luxury French company Hermes has seen its rating increase by more than 30% (the share has risen from 477 euros in January to 634 euros at the end of June) and achieved a very encouraging first half of 2019.

The increase since early July, which is further accentuated by yesterdays’ performance, allows investors to hope for a promising second half.

 

 

 

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