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WEEKLY FLASH (Newsletter N°39)

Dear Mr/Mrs,

Please find attached the Weekly Flash from 10-29-2018 to 11-02-2018.

 

 

Market Commentaries

 

• Equity market Summary

 

Market indexes (BRVM Composite & BRVM 10) ends with a negative performance (w/w). At the end of this week’s session, BRVM Composite index decreased by 0.28% at 176.59 points recording a negative annual performance so far at 25.86%. The BRVM 10 index is down by 0.28% at 169.28 points and in overall still down by 21.31% from the start of the year. The total market value of shares traded this week was at XOF 1 608 892 775. Moreover, this week’s volume traded was 2 431 416 shares against 1 307 751 shares last week.

 

The market breadth was negative (w/w) with 14 gainers and 25 decliners. At the sector level, Oil & Gas index was the best performer, growing by 11.81% at 62.69 points and the Textile index knew the strongest drop (-12.03%) at 93.61 points.

 

The worst performances of the week were recorded by:

 

SITAB CI (-10.00%) which show the most substantial drop of the week, it’s recorded at XOF 1 350. This week BICICI (-6.82%) saw its value stand at XOF 4 100. This bad performance is mainly due to the publication of the half year activity report 2018 (net income down by 29.6%). At this trading session, SETAO CI declined by 6.00% at XOF 235 inducing the bad performance of Construction index which lost 1.97 point. This week, SOGB CI fell by 5.87%, to close at XOF 2 005. Finally, ETI (XOF 19) decreased by 5.00% and continues its negative cycle engaged since two weeks now.

 

The best performances of the week were recorded by:

 

VIVO ENERGY (+21.21%) and TOTAL CI (+17.05%) shows the strongest increase with a closing price of XOF 2 450 and XOF 1510. The stocks took advantage of the publication of their activity reports for the first half of 2018. This Friday, SIB CI (XOF 2 445) ended on a positive dynamic (+11.64%) for a total amount traded on the week of XOF 8 394 540. This week, TOTAL SENEGAL grew by 10.64% to reach XOF 1 290. After the low performance recorded last week, CFAO CI (+5.00%) returned to growth and closed this list at XOF 630.

 

 

• Bond Market Summary

 

The bond market ended this week with a decrease of 0.06% at XOF 3 335.87 billion against XOF 3 337.95 billion last week. The reason for this down is the partial reimbursement of the bond “CRRH-UEMOA 6.00% 2013-2023”. The total value traded on the market amounts to XOF 33 244 236 for 3 533 bonds traded. The bond namely “CRRH-UEMOA 5.95% 2017-2029” with 2 550 bonds for XOF 23 417 641 was the most liquid, representing 70.44% of the total value traded.

 

 

 

 

Best regards,