Bourse Direct shares rose modestly on the Paris Bourse on Wednesday, buoyed by the announcement of a 16.1% increase in first-quarter sales.

At around 11:00 am, the stock of the company specializing in online trading gained 0.5% in larger-than-usual volumes. At the same time, the CAC Mid & Small index gained 0.3%.

In a press release issued this morning, Bourse Direct announced quarterly sales of 16.7 million euros, up 16.1% on the same period last year and 44% higher than in Q4 2022.

The online broker says it had nearly 290,000 accounts at March 31, a figure up 15.7% year-on-year, with a 'sustained' level of recruitment in the first quarter of 2023 (+22%).

Its professional business Exoe - a trading desk for asset management professionals - reported stable sales, compared with the same period in 2022, at exactly two million euros.

Bourse Direct - which offers a rate of less than one euro per stock market order - enables individuals to invest in French and foreign equities, derivatives, foreign exchange, mutual funds or life insurance.

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