SBF 120 Index: How to Invest, Top Stocks and Price

The French SBF 120 stock market index can be traded online, live from the Paris stock exchange, using CFDs, and it offers many advantages. In this article, find out how and why to invest in this index or in the stocks listed on it, the different strategies you can use and the best brokers on the market.

What Is the SBF 120 Index? – Definition

The SBF 120 is a Paris stock exchange index made up of 120 stocks. These are the most liquid stocks on Euronext Paris’s primary and secondary markets. SBF stands for “Société des Bourses Françaises” and its ticker symbol is PX4. The SBF 120 index level is calculated and published by NYSE Euronext.

If this topic interests you, also see “SBF 120 Definition” and “Investing in an Investment Fund”. Also worth following: Icade stock and Mercialys.

Tips & Tricks for Trading the SBF 120

Once you have created your trading account to take positions on the SBF 120 online, here are some tips for trading it effectively:

• Do the right analysis – Always carry out a fundamental and technical analysis of the SBF 120 before taking a position.
• Protect your positions – Always use stop loss orders to cut your losses and take profit orders to lock in your gains.
• Keep up with the news – Several external factors can influence the SBF 120, such as its correlation with other indices, macroeconomic data and news from the major companies that make it up.
• Set a clear strategy – Discipline is essential when trading the SBF 120, and you must stick to your initial strategy.
• Use moderate leverage – This will limit your exposure when you take positions on this index.
• Stay focused and available – Especially if you day trade or scalp the SBF 120. You need to be ready to react to market moves.
• Keep a trading journal – Record your positions with entry and exit prices and the results obtained, to evaluate your strategy.
• Choose a quality broker – A good broker for investing in the SBF 120 must be secure and licensed, and offer low spreads and a user-friendly trading platform.

Is Trading the SBF 120 Profitable?

Trade with the Best SBF 120 Spread

BROKER	DAX 30	CAC 40	DJI 30	S&P 500	Nasdaq 100	Nikkei 225	Stoxx 50	FTSE 100
	0.8	1.1	1.1	0.3	1	9	1.5	1.1	TRY IT
	1.5	1	3	0.25	1	10	1	1	TRY IT
	1.4	1.4	2	0.6	1	12	13	1.6	TRY IT
	2	10	6	0.75	2.4	10	3	1.5

Best Times to Trade the SBF 120

The best times to trade the SBF 120 are:

• During Euronext Paris market opening hours
• At the start of the session, i.e. during the first two hours of trading
• At the end of the session, i.e. during the last hour of trading
• Buy positions are best taken on Mondays
• Sell positions are best taken on Fridays
• For day trading, the first 30 minutes of each session are the most volatile
• During major economic announcements
• When you get a strong bullish or bearish signal

Example

Suppose the SBF 120 is at 5,300 points.

• You expect the index to rise
• You open a buy position on 10 SBF 120 CFD lots, which means a gain of €10 for every point the index gains
• With 1:333 leverage, such as that offered by Vantage, this €143,000 investment will use only €400 of your capital.
• If the SBF 120 does rise and reaches 6,000 points and you close your position, you gain 700 points, or €7,000, on this position.

SBF 120 Top Performers

1. Coface – This credit insurance company saw its net profit rise by 452% in the first quarter of 2025. The stock’s yield is currently 9.65%.
2. Eutelsat – This world-leading satellite operator recently bought a stake in OneWeb, which could allow it to generate significant profits. Its current yield is 8.65%.
3. Mercialys – The company offers investors a high long-term yield, with a property portfolio valued at more than 3 billion. Its current annual performance is 7.24%.
4. Total – Although the crisis hit the oil sector, the group’s diversification into renewable energy gives it strong upside potential. Its current yield is 7.11%.
5. Scor – France’s leading reinsurer benefits from a high free float of 87% of its capital and strong net profit. It offers a yield of 7.06% in 2025.
6. Orange – The leading telecoms group keeps winning new customers. This stock offers a yield of 6.76%.
7. AXA – Also listed on the CAC 40 index, this insurer has won back traders’ approval after setting up a solidarity fund following the Covid crisis. Its yield is 6.38%.
8. Icade – This real estate group recently completed a major building sale and holds more than €14.7 billion in assets. Its current yield is also 6.38%.
9. SES – The content connectivity specialist had a valuation of €2.4 billion at the start of 2025. Its low price after the Covid crisis makes this stock very attractive to buy. Its yield is currently 6.35%.
10. Klépierre – Finally, the real estate company Klépierre has a market valuation of more than €6 billion and joined the CAC 40 ESG index in March. Its yield is around 5.89%.

Of course, you can also buy other SBF 120 stocks, such as Bureau Veritas, and other profitable stocks.

SBF 120 Analysis

• The SBF 120 is trading above its 20-, 50- and 100-day moving averages
• The RSI is in neutral territory at 53.7%
• The MACD is below its signal line
• The stochastic is above its signal line

These positive signals on the main indicators point to an overall positive, bullish direction for this index.

How Does the SBF 120 Work?

The SBF 120 index was created in December 1990 and is a benchmark index for the French economy. It includes all the companies in the CAC 40 and those in the SBF 80, i.e. the 80 largest French listed companies in the SBF 250 index.

With its 120 stocks, the index aims to give an accurate picture of the French economy. It is quoted continuously and updated every 30 seconds from 9:00 a.m. to 5:30 p.m. every business day.

The composition of the SBF 120 index is reviewed every year in August to ensure it remains representative.

SBF 120 for Beginners

If you are new to CFD trading and want to trade the SBF 120, here are a few rules to follow:

• Trade with the trend – Only open and close positions in the direction of the index’s trend.
• Apply sound money management – Invest only a small part of your capital in each position and place stop orders to limit risk.
• Choose a competitive broker – Trading the SBF 120 with a low-spread broker will prevent you from losing too much money in fees.

Key Information About the Instrument

SBF 120 Trading Hours

Which Financial Instruments Can You Use to Invest in the SBF 120 in November?

SBF 120 ETFs

To trade the SBF 120 index directly, you need to use index ETFs, which have the following features:

• They replicate the benchmark index
• They let you invest in all the stocks in the index
• They are available in a PEA

Currently, the best broker for investing in the SBF 120 through ETFs is DEGIRO.

SBF 120 Stocks

You can also invest in the stocks that make up the SBF 120 index, such as Faurecia, Volvo, Ubisoft and others, with CFDs, or buy them using these two methods:

• Trade stock CFDs, just like index CFDs
• Buy shares and add them to a PEA or brokerage account to receive dividends

To buy SBF 120 stocks with low brokerage fees, we recommend using a reliable, competent broker.

SBF 120 News

To trade the SBF 120 effectively, you need to keep up with news about the French economy and the companies that make up this index.

You can read press articles and announcements through various media, such as newspapers, television and specialist websites.

But the best way to keep up with the news and events that have the greatest impact on the SBF 120 is to open an SBF trading account with a safe, regulated broker. You will then have access to all the information that matters to investors.

Why Invest in the SBF 120 in [userip_location type=”country”]

• A broad sample of stocks with strong diversification, since it includes the 120 French companies of the CAC 40 and the SBF 80.
• The SBF 120 is ideal for long-term strategies, as it was designed to gauge the health of the French economy over a broad horizon.
• Its level has risen sharply since it was created with a base of 1,000 points, as it now stands close to 5,300 points.

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SBF 120 Trading Strategies

Many strategies are well suited to trading the SBF 120 index. Here are a few concrete examples:

• Support and resistance strategy – This involves buying at a support level and selling at a technical resistance level.
• Moving averages – With the Golden Cross strategy, when the 100-day moving average crosses above the 200-day moving average, or the Death Cross, when the 100-day moving average crosses below the 200-day moving average.
• Buy the Dip – Finally, this strategy involves buying when the market hits a low and buying again when the market falls further.

Best SBF 120 Trading Indicators – Technical Analysis

Technical analysis involves studying SBF 120 charts to detect bullish or bearish trend signals. To do this, traders most often use the following technical indicators:

• Moving averages
• Support and resistance
• RSI
• MACD
• Stochastic

SBF 120 Fundamental Analysis

To carry out a fundamental analysis of the SBF 120, you will study the following:

• French economic data (PMI indices, unemployment rate, durable goods, GDP…)
• The ECB’s (European Central Bank) interest rate policy
• Political decisions that may affect the French economy
• Major announcements from the stocks with the largest weighting in the index
• Major economic and financial crises

SBF 120 Forecast

The SBF 120 index fell sharply at the start of the Covid-19 crisis, like all other French and international indices, but has since been in a bullish phase that even took it past the 5,000-point record.

Based on current technical analysis, the signals remain bullish in the short and medium term, even though a slight correction is still possible in the longer term.

Should You Buy or Sell the SBF 120?

Whether to buy or sell the SBF 120 will depend largely on your investment horizon and trading strategy.

• Long-term strategy – Long-term signals for this index remain mostly bullish, and analysts therefore favor buying the SBF 120.
• Short-term strategy – In the shorter term, because of its high volatility, bearish corrective moves are frequent. We therefore recommend alternating between buying and selling the index depending on your analysis.

SBF 120 Copy Trading

If you are not an experienced trader and don’t want to carry out your own analysis of the index, you can use social trading and copy trading to simply copy the positions of the best investors.

• Open a trading account with eToro
• Use the social trading feature to find the best-performing traders
• Follow and copy the positions of the traders who interest you
• Your positions will be opened automatically based on those of the selected traders

Automated Trading on the SBF 120

Some brokers also offer automated trading software. This is the case with AvaTrade, which offers MT4 and MT5 trading robots from the well-known MetaTrader platforms.

This software lets you set up automatic orders based on various criteria.

SBF 120 Trading Signals

Finally, if you want reliable trading signals, the broker DEGIRO provides them. It offers technical signals as well as signals produced by professional market analysts.

SBF 120 History

• December 31, 1990 – Launch of the SBF 120 index with a base value of 1,000 points.
• April 18, 1994 – Continuous quotation and calculation of the index.
• September 2000 – All-time high of 4,703.16 points.
• June 2007 – The SBF 120 stands at 4,507.10 points.
• March 9, 2009 – All-time low of 1,823.08 points.

SBF 120 Scalping

Scalping is a trading strategy particularly well suited to stock indices such as the SBF 120 for short-term trading, with:

• Positions opened for very short periods, from a few minutes to less than a minute.
• A focus on technical analysis of the SBF 120 and chart indicators, with little weight given to fundamental indicators.
• A need to be particularly focused and available to profit from many small moves.
• Short chart time frames, from 1 to 15 minutes.

SBF 120 Day Trading

Day trading lets you trade the SBF 120 within a single session. This strategy requires:

• Opening and closing positions within a single session, with no positions left open at the end of the session.
• A slightly longer trading horizon than scalping, with positions held for a few minutes or a few hours.
• Chart time frames between 15 minutes and one hour.
• Close attention to fundamental data and economic events.
• Combined use of fundamental and technical analysis.

Long-Term SBF 120 Investing

If you are considering a long position on the SBF 120, swing trading will let you hold your position longer, with:

• Chart time frames from one hour to one day.
• Close attention to fundamental factors, including market sentiment.
• Strict monitoring of financial news for positions held over several days or weeks.
• Chart analysis remains important for decision-making.
• A strategy that seeks to follow long trends and requires sufficient margin to absorb small corrective moves.
• Little need to stay in front of the charts, with the option of setting stop orders.

Should You Invest in the SBF 120?

Given the SBF 120’s significant rise this year, betting on the index looks attractive right now. With the post-Covid recovery of the French economy, there is plenty of volatility as well as lasting trend moves.

Pros and Cons of the SBF 120

If you need advice on finding the best broker to invest in the SBF 120 index, feel free to ask us in the comments!

Want to share your experience or strategies on the SBF 120? Do so in the comments!