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    July 27, 2007

    Semiconductors sector in gains

    Filed under: Other, Infineon, Volkswagen, BMW, Peugeot, Renault, Michelin, Metro, Carrefour, Lagardere, STMicroelectronics, Vivendi, Vinci, Bouygues

    Most European markets were also lower again on Friday.

    The main exception was the IBEX, which was 0.23 percent higher to 14,574 in Madrid.

    The FTSE Eurofirst 300 dropped 0.54 percent to 1,519.59. In Paris the CAC-40 was 0.55 percent lower to 5,643.96, while the Dax fell 0.76 percent to 7,451.68 in Frankfurt.

    The best performance on the session on the CAC-40 came from chipmaker STMicroelectronics (Euronext: STM; NYSE: STM), which added 1.44 percent to €12.66.

    Elsewhere in the semiconductors sector, Infineon (FWB: IFX; NYSE: IFX) was also higher, gaining 0.41 percent to €12.26.

    The Dax saw Volkswagen (FWB: VOW; OTC: VLKAY) rise to the top with a gain of 4.91 percent to €125.40.

    There were other gains in the automobile manufacturing sector as Renault (Eurnoext: RNO) was up 0.37 percent to €103.26 and Peugeot (Euronext: UG; OTC: PEUGY) added 1.17 percent to €59.75.

    Not all carmakers were higher however, as BMW (FWB: BMW) dropped 2.71 percent to €35.77.

    In a related sector, tire maker Michelin (Euronext: ML) had the worst day on the CAC-40 as it fell 3.72 percent to €90.08.

    The worst performance on the Dax came from retailer Metro, which dropped 2.99 percent to €56.39.

    Not all retailers saw declines, however, as Carrefour (Euronext: CA) added 0.62 percent to €51.64.

    The media sector was mixed.

    Vivendi (Euronext: VIV) added 0.29 percent to €31.53, while Lagardere (Euronext: MMB) was down 1.92 percent to €59.34 and Bouygues (Euronext: EN), which has interests in both media and construction, fell 2.09 percent to €57.61.

    Another construction group, Vinci (Euronext: DG), was 0.49 percent higher to €52.86.





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