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WEEKLY FLASH (Newsletter N°79)

Dear Mr/Mrs,

Please find attached the Weekly Flash from 08-19-2019 to 08-23-2019.

 

 

Market Commentaries

 

• Equity market Summary

 

This week, market indexes (BRVM Composite & BRVM 10) recorded a bad performance (w/w). Indeed, at the end of this week’s session, BRVM Composite index lost 0.83% to stand at 153.97 points. Also, its annual performance is remains low at 10.34% for a P/E reached 10.10.

 

The total market value of shares traded this week was at XOF 869.17 million. Moreover, this week’s volume traded was 8 365 404 shares against 2 249 330 shares last week. The market breadth was descending (w/w) with 23 decliners, 11 gainers and 12 shares unchanged. At the sector level, “Food & Beverage” was the best performer, growing by 12.91% at 38.07 points and the “Edition Publication” knew the strongest drop (-9.09%) at 190.08 points.

 

The worst performances of the week were recorded by:

 

PALM CI showed the largest drop of the week (-12.04%) to XOF 950. With a decrease of 6.01%, SOGB CI recorded a closing price of XOF 1 800. At this trading session, NEI CEDA fell by 9.09% to stand at XOF 250. In a bad trend since the July 2019, BERNABE CI (-6.00%) closed at XOF 1 410. Finally, by evolving from XOF 495 last Friday to XOF 470 this Friday, CFAO CI (-5.05%) reduced the performance of the Automotive Suppliers sector index which down by 0.39 point.

 

The best performances of the week were recorded by:

 

SOLIBRA CI recorded a boost of 16.10% for closing price of XOF 40 635. Compared to the previous week, BICI CI stood at XOF 3 850 for a 3.77% improvement. BOLLORE (XOF +3.11%) which reached a price of XOF 1 490, return to growth after its low performance observed the last week. With a volume traded of 5 892 shares, SIB CI (XOF 2,310) recorded a 2.21% up. Finally, TOTAL CI showed a value of XOF 1 450 for an increase of 2.21%.

 

 

• Bond Market Summary

 

The bond market ended this week with a decrease of 0.10% at XOF 3 747.00 billion against XOF 3 750.69 billion last week. This down is mainly due to the partial reimbursement of the SUKUK named “SUKUK ETAT DU TOGO 6.50% 2016-2026”. The total value traded on the market amounts to XOF 1.26 billion for 143 446 bonds traded. The bond “CRRH-UEMOA 5.95% 2017-2029” with 137 836 bonds for XOF 1.2 billion was the most liquid, representing 95.54% of the total value traded.

 

 

Best regards,