WEEKLY FLASH (Newsletter N°62)
Equity market Summary
This week, the stock market confirms his recovery observed the previous week (w/w). Indeed, most stocks drove the market upwards with a BRVM Composite index rose by 1.49% at 176.31. Also, its annual performance improved by 2.67% with a PER of 12.47.
The total market value of shares traded this week was at XOF 1.653 billion. Moreover, this week’s volume traded was 1 611 885 shares against 744 689 shares last week. The market breadth was mitigate (w/w) with 24 gainers, 13 decliners and 10 shares unchanged. At the sector level, “Oil & Gas” was the best performer, growing by 6.59% at 65.34 points and the “Edition Publication” knew the strongest drop (-20.27%) at 224.30 points.
The best performances of the week were recorded by:
VIVO ENERGY CI which recorded a strong rise of +22.22% for a closing price of XOF 1 100. Compared to the previous Friday, SOLIBRA CI (XOF 37 000) evolved by 8.03%. With a respectively thrust of 7.92%, 7.41% and 7.92%, ORAGROUP Togo (XOF 4 495), BOA MALI (XOF 2 900) and BOA BENIN (XOF 4 395) increased the performance of the Banking & Finance index, which gained +2.00 points in this trading session.
The worst performances of the week were recorded by:
SAPH CI which show the largest drop of the week (-18.52%) to XOF 2 200. The stock is affected by the publication of its 2018 results (net income down by 71.45%). With a fourth consecutive week in the red, BICI CI (XOF 4 300) showed a loss of 4.44%. Decreasing again after a recovery observed last Friday, SUCRIVOIRE decreased by 4.26% to stand at XOF 900. PALM CI ends this downward ranking with a drop of 3.85% to reach a price of XOF 1 250.
Bond Market Summary
The bond market ended this week with an increase by 0.19% at XOF 3 557.65 billion against XOF 3 550.98 billion last week. The reason for this up is the gain of XOF 200 on the price of the bond issue “TPCI 5.90% 2016-2026”. The total value traded on the market amounts to XOF 183.552 million for 18 872 bonds traded. The bond “SUKUK ETAT DU SENEGAL 6.00% 2016-2026” with 15 229 bonds for XOF 152.29 million was the most liquid, representing 82.97% of the total value traded.
Phoenix Capital Management is a private financial services provider, created in 2014, specialized in corporate finance advisory and capital market. Our mission is to help you make financial decisions to maximize the value of your companies and portfolio while minimizing risk.
PCM services include among others: Corporate Finance Advisory Structure Finance Funds Raising Discretionary Portfolio Management Investment Advisory Brokerage and Custody Services Debt Restructuring and Securitization Initial Public Offering
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.