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WEEKLY FLASH (Newsletter N°84)

Dear Mr/Mrs,

Please find attached the Weekly Flash from 09-23-2019 to 09-27-2019.

 

 

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 2.38% to stand at 142.84 points. Also, its annual performance is remains low at 16.82% for a P/E reached 9.31.

 

The total market value of shares traded this week was at XOF 2.42 billion. Moreover, this week’s volume traded was 620 555 shares against 1 719 335 shares last week. The market breadth was descending (w/w) with 28 decliners, 3 gainers and 15 shares unchanged. On the other hand, no index has performed this week.

 

The worst performances of the week were recorded by:

 

BOA MALI (24.48%) which show the most substantial drop of the week, reached a closing price of XOF 1 465. In a negative cycle for several weeks, SAPH CI (XOF 1 180) continues its fall and reached -19.18%. CFAO CI which decreased by 15.73% to XOF 375, drove the Automotive Suppliers sector index down by 1.14 point. At this trading session, ONATEL BF lost XOF 500 to stand at XOF 3 000, representing a 14.29% drop. Finally, FILTISAC CI (XOF 1 000) did not confirm its good performance of the previous week by recording a decline of 13.42%.

 

The best performances of the week were recorded by:

 

SOGB CI (+20.31%), after the publication of its half-year results (net income up by +63.3% compared to 30 June 2018), showed the strongest increase for a closing price of XOF 1 925. With a gain of 13.91%, BICICI (XOF 5 200) confirms its positive trend with a third consecutive week of growth. Finally, PALM CI (+2.15%) saw its price increase from XOF 930 to XOF 950 over the reference period.

 

• Bond Market Summary

 

The bond market close this week with an increase of 3.29% at XOF 3 969.78 billion against XOF 3 843.20 billion last week. This up is mainly due to the first listing of bonds “TPCI 5.75% 2019-2026 and TPCI 2.23% 2019-2026”. The total value traded on the market amounts to XOF 16.95 million for 1 760 bonds traded. The bond “ETAT DU MALI 6.50% 2018-2025 and TPCI 5.75% 2019-2026” with respectively 317 bonds for XOF 3.15 million and 300 bonds for XOF 3 million have been the most liquid, representing each one 18.60% and 17,70% of the total value traded.

 

 

 

Best regards,