Euronext gains ground following March activity report
Bucking the trend of the CAC 40 (down approximately 0.5%), Euronext shares rose 0.8% in early Paris trading. The uptick follows the exchange group's release of its March activity figures, which highlighted increased volumes driven by a resurgence in market volatility.
"The momentum seen in February carried over into March, with positive year-on-year growth across all segments except fixed income," noted ING this morning. The bank maintained its "buy" rating and price target of 151 EUR.
In cash equity markets, Euronext's average daily volume (ADV) surged 16.9% last month compared to March 2025, reaching approximately 18.7bn EUR (a 13.5% sequential increase).
Meanwhile, ADV in financial derivatives markets grew by 12.3% year-on-year in March to 726,182 trades, while commodity derivatives ADV rose by 15.7%.
"The quarter as a whole saw robust growth across all business segments," ING added. For the first three months of the year, ADV increased by 4.4% year-on-year, totaling 614,478 trades.
Euronext N.V. is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody to solutions for issuers and investors. Euronext N.V. runs MTS, one of Europe's leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal. In November 2025, Euronext N.V. acquired a majority stake in the Athens Stock Exchange (ATHEX), reinforcing its pan-European footprint and further extending its fully integrated market infrastructure with the addition of an exchange, a CSD and a clearing house.
As of February 2026, Euronext's regulated exchanges in Belgium, France, Greece, Ireland, Italy, the Netherlands, Norway and Portugal host over 1,800 listed issuers with EUR 7 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext N.V. handles 29% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.
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