TOTAL stock soars

[cd@xxxxxxxxxxxxxxx]

dawn star wrote:
> 
> May 14,1997, Paris. TOTAL led French stocks as La Bourse market
> continued to soar hitting record highs in the wake of Wall Street gains
> (40% of the market capitalisation and 60% of the titles traded are held
> by non-residents, foreign capital).TOTAL was up 2.69% closing at a new
> record of 533 FF, up from yesterday's 519 FF. Alcatel Alsthom, under the
> control of Serge Tchuruk, formerly TOTAL's CEO, and currently in a bid
> to take a major share of France's defense industry, jointly with
> Dassault, had the highest market rise, up +3.7%, also with the highest
> franc volume for the day; Alcatel closed today at 683 FF, +2.24.
> Analysts say TOTAL's record gain comes with the closing of the price of
> a barrel of brent oil, the highest since late march, at $US 19,66. TOTAL
> also benefitted from yesterday's news of a new oil discovery in Angola,
> in a field shared with Chevron and TOTAL's Angola subsidiary, Sonangol
> TOTAL.
> 
> $1 = FF 5,73
> 
> Dawn Star (paris)
> EuroBurmanet
> Worldwide TOTAL Boycott
> http://www-uvi.eunet.fr/asia/euro-burma/total/