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WEEKLY FLASH (Newsletter N°46)

Dear Mr/Mrs,

Please find attached the Weekly Flash from 12-24-2018 to 12-28-2018.

 

 

Market Commentaries

 

• Equity market Summary

 

Market indexes (BRVM Composite & BRVM 10) end the week with a good performance (w/w). At the end of this week’s session, BRVM Composite index up by 5.67% at 177.12 points. It annual performance is mitigated by 25.64% to reach P/E of 11.60 and an average liquidity ratio of 45.91%.

 

The total market value of shares traded this week was at XOF 3.788 billion. Moreover, this week’s volume traded was 1 198 506 shares against 1 234 579 shares last week. The market breadth was negative (w/w) with 29 gainers against 5 decliners and 11 shares unchanged. At the sector level, “Infrastructure” was the best performer, growing by 12.31% at 44.68 points and the “Automotive Suppliers” knew the strongest drop (-2.83%) at 16.37 points.

 

The best performances of the week were recorded by:

 

For a total traded value of XOF 87.042 million, three stocks from the Banking and Finance sector are at the top of the week's list. BOA BENIN (XOF 3 960), BOA BURKINA-FASO CI (XOF 5 390) and BOA MALI (XOF 2 630) increased by 27.74%, 24.34% and 22.33% respectively. After last week's underperformance, CIE CI (XOF 1 470) grow to 19.03% at this trading session.   Finally, BOA CI with an increase of 18.25% closes this upward ranking at XOF 3 920.

 

The worst performances of the week were recorded by:

 

CFAO CI which show the most substantial drop of the week (-5.51%) to XOF 600, didn’t confirm the good performance recorded the previous week. At this trading session, SETAO CI loses 2.86% to stand at XOF 170. NEI CEDA CI recorded a drop of 2.70% to XOF 180. SGBCI (XOF 8 000) then goes on for a second consecutive week in the red by declining 2.68%. Finally, SUCRIVOIRE CI ends the week with a decrease of 1.06% to XOF 935.

 

 

• Bond Market Summary

 

The bond market ended this week with a decrease of 0.77% at XOF 3 444.22 billion against XOF 3 471.11 billion last week. The reason for this down is the partial reimbursement of the bond “BOAD 5.95% 2014-2021”. The total value traded on the market amounts to XOF 343.805 million for 34 862 bonds traded. The bonds called “TPBJ 6.50% 2017-2027” and “ETAT SENEGAL 6.30% 2015-2025” with respectively 12 700 bonds for XOF 125.73 million and 9 001 bonds for XOF 90.01 million, were the most liquid, representing 36.57%  and 26.18% of the total value traded.

 

 

Best regards,