WEEKLY FLASH (Newsletter N°64)
Equity market Summary
This week, the stock market remains in the red with a second consecutive negative week (w/w). Indeed, most securities drove the market down with a BRVM Composite index established at 170.41. Thus, its annual performance contracted by 0.77% with a PER of 11.32.
The total market value of shares traded this week was at XOF 2.842 billion. Moreover, this week’s volume traded was 1 616 489 shares against 1 611 885 shares last week. The market breadth was mitigate (w/w) with 20 gainers and decliners and 6 shares unchanged. At the sector level, “Oil & Gas” was the best performer, growing by 7.98% at 70.55 points and the “Edition Publication” knew the strongest drop (-11.86%) at 197.69 points.
The worst performances of the week were recorded by:
ORAGROUP Togo showed the largest drop of the week (-16.16%) to XOF 4 100. At this trading session, SOGB CI (-11.39%) closed at XOF 2 100. With a second week in the red, SERVAIR ABIDJAN CI (XOF 1 620) declined by 10.00%. SONATEL SN which remains in a bad trend, declined by 7.92% compared to the last Friday. AIR LIQUIDE CI ends this downward ranking with a contraction of 6.67% to reach a price of XOF 420.
The best performances of the week were recorded by:
BERNABE CI recorded a strong rise of +17.03% for a closing price of XOF 2 165. With the publication of its quarterly results (net income up by an extraordinary 150%), PALM CI (XOF 1 440) recorded a thrust of 10.77%. Compared to last Friday, ONATEL BF (XOF 4 800) evolved by 6.79%. Finally, the performance of BICICI (XOF 4 800) and SAFCA (XOF 250) stocks, which up by 6.67% and 6.38% respectively, induced an improvement by 0.80% of Banking and Finance index.
Bond Market Summary
The bond market ended this week with an increase by 0.07% at XOF 3 556.23 billion against XOF 3 553.70 billion last week. This up is mainly due to the gain of XOF 200 on the price of the bond issue “ETAT DU MALI 6.50% 2018-2025”. The total value traded on the market amounts to XOF 27.995 million for 3 150 bonds traded. The bond “CRRH-UEMOA 5.85% 2015-2025” with 916 bonds for XOF 9.16 million was the most liquid, representing 32.7% 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.