That followed some better-than-expected numbers in the French luxury giant's latest quarterly report a day earlier.
The figures lifted peers including Hermes, Kering and Pernod Ricard by 3% or more.
LVMH, which owns labels including Louis Vuitton and Dior, posted a 10% rise in Q4 sales on Thursday (January 25), hitting $26 billion.
The company's analyst-beating growth was driven by continued demand for high-end fashion, including from Chinese buyers.
It offered reassurance to investors over the luxury industry's resilience in the face of economic headwinds and slowing demand after a lengthy spending splurge that fuelled stellar sales following the global health crisis.
Investors had become skittish about the industry's prospects after the conglomerate's October report showed sales growth had slowed to 9%.
That was after a long spell of routinely outpacing expectations with strong double-digit growth.
An analyst said the new report should be enough to "steady nerves in the near term".
The group proposed a dividend of 13 euros per share, up from 12 euros a year ago.
And it forecast continued growth next year despite an uncertain macroeconomic and geopolitical context.
