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WEEKLY FLASH (Newsletter n°2)

Market Commentaries

         Equity market Summary

Market indexes (BRVM Composite & BRVM 10) maintain a positive performance (w/w). By the end of this week’s session, BRVM Composite index increased by 0.49% at 231.82 points. However, in overall since the start of the year, it is still down by 2.67%. The BRVM 10 index surged by 0.06% at 211.47 points. Also recording a negative annual performance so far at 1.75%. The market total volume of shares traded this week was at XOF 3.109 billion. Moreover, this week’s volume traded was 541 007 shares against 489 040 shares last week.

The market breadth was positive (w/w) with 18 gainers and 15 laggards. At the sectoral level, Edition & Publication index was the best performer, surging by 40% at 47.09 points. However, TOBACCO index acknowledged the most significant drop (- 8.73%) at 36.01 points.

The best performances of the week were recorded by:
NEI CEDA (+40%), shows the most substantial rise to close at XOF 77 and continue to confirm its good shape. ECOBANK CI gained +9.62% at XOF 25 985. The stock SERVAIR ABIDJAN recorded +7.69% to reach XOF 1 610 and seems to start an upward trend. TOTAL CI has boosted the Oil & Gas sector index (+ 3.26%). BERNABE (XOF 2 450) shows a gain of XOF 150 for a jump of 6.52%.

The worst performances of the week were recorded by:
SITAB CI fell by a further 8.73% this week to establish at XOF 54 760. BOA SN ended at XOF 2 950, a drop of -4.92% compared to the previous week, reducing the performance of the Banking and Finance sector index. ONATEL BF has crumbled by 2.29%, draining then 101 340 000 of his capital to close at XOF 8 110. Finally, CORIS BANK INTER and BICICI lost respectively 2.13% and 1.69% to stand at XOF 9 200 and XOF 8 450.

 

Bond Market Summary 

The bond market ended the week with a slight drop of 0.02% at XOF 2 939.30 billion against XOF 2 939.85 billion last week. This drop is due to the payment of the semi-annual interest and the partial reimbursement of the capital for its bond « CRRH-UEMOA 6.10% 2012-2022 » for a total amount net of tax of XOF 815 625 000. The total value traded on the market amounts to XOF 290 000 for 20 bonds traded. The bond “TPBJ 6.50% 2017-2027” with 20 bonds for XOF 200 000 was the most liquid, representing 68.97% of the total value traded.

NEWS

Merger- acquisition of the Habitat Bank of Benin by BOA BENIN

BOA-BENIN and the Habitat Bank of Benin (HBB) bring to the attention of the public and the market participants that during its Extraordinary General Meetings of September 7th, 2017, shareholders of both companies agreed and approved the merger/acquisition transaction of HBB by BOA-BENIN through a capital increase of XOF 135 164 000. The transaction will be issued 135 164 new shares BOA-BENIN, with a nominal value of XOF 1 000. For the remuneration of the former shareholders of BHB, BOA-BENIN's share capital will, therefore, increase from XOF 20 145 360 000 to XOF 20 280 524 000.