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WEEKLY FLASH (Newsletter N°80)

Dear Mr/Mrs,

Please find attached the Weekly Flash from 08-26-2019 to 08-30-2019.

 

 

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 0.56% to stand at 153.11 points. Also, its annual performance is remains low at 10.84% for a P/E reached 10.14.

 

The total market value of shares traded this week was at XOF 937.78 million. Moreover, this week’s volume traded was 4 359 946 shares against 8 365 404 shares last week. The market breadth was descending (w/w) with 20 decliners, 17 gainers and 9 shares unchanged. At the sector level, “Edition Publication” was the best performer, growing by 4.00% at 197.69 points and the “Tobacco” knew the strongest drop (-7.61%) at 11.95 points.

 

The worst performances of the week were recorded by:

TOTAL CI (XOF 1 325) shows the strongest contraction with a drop of 8.62%. After a second negative consecutive week, SITAB CI (XOF 850), which deteriorated by 7.61%, seems start a negative cycle. This Friday, CFAO CI is still in the red. Indeed, the share shows a decline of 7.45% for a closing price of XOF 435. At this trading session, SMB CI lost 6.22% to stand at XOF 4 220. Finally, evolving from XOF 3 145 last Friday to XOF 3 000 this Friday, SODECI recorded a decrease of 4.61%.

 

The best performances of the week were recorded by:

SOLIBRA CI (XOF 43 000) dominates this ranking with a raise of 5.82%. Note that the stock seems begin a positive trend after two consecutive sessions in progression. This Friday, SOGB CI (XOF 1 900) and PALM CI (XOF 1 000) renew with growth by recording the respectively improvements of +5.56% and +5.26%. Finally, the increase by 0.54 point observed on the Banking & Finance index, was driven by BOA MALI (+5.00%) for a closing price of XOF 2 100 and BOA BENIN (+4.29%) for a closing price of XOF 3 650.

 

• Bond Market Summary

 

The bond market ended this week with a decrease of 0.09% at XOF 3 743.50 billion against XOF 3 747.00 billion last week. This down is mainly due to the partial reimbursement of the bond “SHELTER AFRIQUE 6.60% 2014-2021”. The total value traded on the market amounts to XOF 465.21 million for 56 994 bonds traded. The bonds “TPBJ 6.50% 2018-2025” with 21 063 bonds for XOF 208.53 million and “ETAT DU MALI 6.20% 2016-2023” with 29 281 bonds for XOF 195.187 million were the most liquid, representing 44.82% and 41.96% respectively of the total value traded.

 

 

 

Best regards,