STOCKS NEWS EUROPE-Alcatel reintegrates CAC, STM leaves
France's telecom equipment maker Alcatel (Paris: FR0000130007 - news) -Lucent reintegrates the CAC 40 index of French blue-chips on Monday, and is seen benefiting from demand of 280 million euros ($383 million) from exchange-traded funds and other index trackers, according to Exane BNP Paribas index analysts.
It represents about 85 million shares, the equivalent to two average days of volume, the analysts write in a note.
STMicroelectronics (Milan: STM.MI - news) , which is leaving the CAC, could see selling pressure of 120 million euros, or 22 million shares, and seven average days of volume.
Reuters Messaging: blaise.robinson.thomsonreuters.com@reuters.net ($1 = 0.7315 euros)