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(From Le Figaro)
Today the CAC40 index of key French shares will change to free-float weighting, meaning that companies will no longer be assessed on total market capitalisation, but on the portion of their capital which can be bought and sold by the public. This brings Paris into line with the other major European exchanges, and will erase distortions caused by substantial differences between the weightings of particular companies and how many of their shares can be traded.
It is estimated that 22 companies will move up the index today, while three will remain practically unchanged and the remainder will see their weightings reduced. French oil group Total will move up into first position with a 15 per cent weighting, the maximum ...