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WEEKLY FLASH (Newsletter N°85)

Dear Mr/Mrs,

Please find attached the Weekly Flash from 09-30-2019 to 10-04-2019.

 

 

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 0.34% to stand at 142.35 points. Also, its annual performance is remains low at 17.11% for a P/E reached 9.61.

 

The total market value of shares traded this week was at XOF 1.93 billion. Moreover, this week’s volume traded was 589 382 shares against 620 555 shares last week. The market breadth was descending (w/w) with 17 decliners, 14 gainers and 15 shares unchanged. At the sector level, “Tobacco” knew the strongest drop (-8.11%) at 11.95 points and the “Automotive Suppliers” was the best performer, growing by 6.46% at 13.56 points.

 

The worst performances of the week were recorded by:

 

BOA MALI (XOF 1 030) which shows the most substantial decrease of the week, thus confirm its actual bad trend with a collapsed of 29.69%. SMB CI (XOF 3 350), following its half-year publication (Turnover and Net result down by 34% and 140% respectively compared to 30 June 2018), fall by 9.46%. In a negative cycle since several weeks, SAPH CI (-9.32%) continues its decline to stand at XOF 1 070 today. At this trading session, SITAB CI decreased by 8.11% to XOF 850, drove the Tobacco sector index down by 1.06 point. Finally, SICABLE lost XOF 70 to reach at XOF 800 for a drop of 8.05%.

 

The best performances of the week were recorded by:

 

CFAO CI (13.33%) which showed the strongest performance with a closing price of XOF 425. On the reference period, SERVAIR ABIDJAN CI (+8.72%) saw its value evolve from XOF 1 090 to XOF 1 185. At this trading session, VIVO ENERGY (XOF 830) gained 8.50%. With a value traded of XOF 13 956 455, ECOBANK CI (+7.50%) reached a closing price of XOF 2 795. Finally, SODECI (+6.96%) returns to growth and stood at XOF 5 200.

 

 

• Bond Market Summary

 

The bond market closed this week with a decrease of 0.34% at XOF 3 956.19 billion against XOF 3 969.78 billion last week. This down is mainly due to the partial reimbursement of capital of bond “TPCI 6.25% 2017-2029”. The total value traded on the market amounts to XOF 37.25 million for 3 733 bonds traded. The bond “TPTG 6.90% 2018-2023” with 1 495 bonds for XOF 14.94 million have been the most liquid, representing 40.11% of the total value traded.

 

 

 

Best regards,