NewsWorldStock market: buy the biggest drop of last week...

Stock market: buy the biggest drop of last week – archyworldys

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Our advice on SBF 120 tops and flops (© Fotolia)

Equity markets collapsed last Friday under pressure from a new variant of Covid-19. Check out our tips on the five biggest drops and three biggest rises in SBF 120 last week.

Last week was marked by the worst daily drop in the CAC 40 since March 2020.

On November 26, the Paris index plunged 4.75%, falling to 6,740 points. The surge in November which had allowed the Paris Stock Exchange to beat all its records is entirely erased. The SBF 120 did not escape the purge, losing 4.54% in a single day.

Over the week as a whole, the two indices dropped 5.2% and 5% respectively.

Disturbing variant

To the fear of seeing the Covid-19 epidemic linked to the Delta variant leading to severe restrictions in Europe, there was added that of the arrival of a new variant potentially resistant to vaccines. Called Omicron and a priori appeared in southern Africa, this new version of the virus displays many mutations, the consequences of which have not yet been identified by scientists.

In the event of resistance to vaccines, it could force another blockage of the economy knowing that the development of new effective treatments is expected to take about three months.

In this context, several shares of the SBF 120 fell sharply. Five stocks exposed to the transport sector plunged at least 10%.

Decreases of more than 10%

Automotive OEMs Faurecia (-12.30%) and Valeo (-10%) but also manufacturers (-11.09% for

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