Around the World's Markets: Paris

Thursday 26 November 1998 00:02 GMT

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BANK STOCKS again supported Paris blue-chips as the CAC-40 index ended 0.27 per cent, or 10.46 points, higher at 3,849.84. Volume was weaker than previous sessions as investors worried whether Wall Street's recent rally could be sustained.

CCF led banks' gains on reports that the Italian San Paolo bank was considering taking a 20-25 per cent stake in it, traders said. CCF closed up 3.71 per cent while BNP ended up 4.07 per cent. Rhone-Poulenc provided the other big merger buzz.

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