Paris: Shares in the European Aeronautic Defence and Space Company (EADS) soared by 4.19 per cent to 20.89 euros around 10:30 AM (0830 GMT) in Paris as bargain hunters snapped up the stock. "It is above all a question of catching up, the share has been rather mediocre since the group was created in July," said an analyst at the French bank Societe Generale.EADS is beginning to benefit from a series of events, including first-half results announced by the French group Lagardere, which holds 33 per cent of Aerospatiale Matra, a partner in EADS. A recent pledge by Singapore Airlines to buy 25 Airbus A3XX super jumbo jets if and when the aircraft is put into production, and the strength of the dollar have also helped heighten interest in EADS, the analyst said.
The aerospace giant, born from merged activities of Aerspatiale Matra, the German firm DASA (DaimlerChrysler), and CASA of Spain, was listed on July 10 on stock markets in Frankfurt, Paris, and Madrid.
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