France is on track to become Europe’s most valuable stock market

France’s CAC 40 Index has risen 20 percent this year, outperforming all other European Stock Exchanges except the Stockholm OMX Index, while the stock market’s market cap has nearly reached the FTSE 100.

While the stock market has shown an average performance in the last 10 years due to telecom companies and banks, the weight of the luxury consumption sector in the index had a great impact on the recent rise in the CAC 40 Index.

LVMH, which owns luxury brands such as Louis Vuitton, and beauty products manufacturer L’Oreal, make up almost a quarter of the index.

Stock Exchange Italy’s FTSE MIB Index has increased by 16.6 percent since the beginning of the year, while England’s FTSE 100 Index has increased by 16.1 percent since the beginning of the year. The European stock market, which recorded the least increase since the beginning of the year, was Switzerland with 10.8 percent.

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