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WEEKLY FLASH (Newsletter N°90)

Dear Mr/Mrs,

Please find attached the Weekly Flash from 11-04-2019 to 11-08-2019.

 

 

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 0.04% to stand at 141.82 points. Also, its annual performance is remains low at 17.42% for a P/E reached 9.38.

 

The total market value of shares traded this week was at XOF 2.184 billion. Moreover, this week’s volume traded was 1 168 158 shares against 741 196 shares last week. The market breadth was descending (w/w) with 17 decliners, 11 gainers and 18 shares unchanged. At the sector level, “Textile” knew the strongest drop (-9.37%) at 55.40 points and the “Automotive Suppliers” was the best performer, growing by 6.04% at 15.20 points.

 

The worst performances of the week were recorded by:

 

UNIWAX CI (XOF 1 450) which shows the most substantial drop of the week, collapsed of 9.38%. SERVAIR ABIDJAN CI fell by 6.80% to reach XOF 1 165 and inducing the decline of 0.75 point Distribution sector index. At this trading session, BOA NIGER reduced by 6.67% to XOF 2 800. BOLLORE CI (-4.14%) doesn’t confirm its performance of last Friday and shows a closing price of XOF 1 390. Finally, BOA BURKINA FASO decreased by 3.97% to reach XOF 3 505.

 

The best performances of the week were recorded by:

 

In a good trend since the splitting of its price, TRACTAFRIC MOTORS CI (XOF 2 330) showed the strongest performance of the week with push of 15.06%. With a third consecutive week of growth, BOA MALI (XOF 1 060) recorded +14.59% up. At this trading session, SOLIBRA CI (XOF 44 890) achieves a 7.50% increase. This Friday, SICABLE CI whose price rose from XOF 650 to XOF 685, gained 5.38%. Finally, SIB CI (XOF 750) ended the week with augmentation of 5.06%.

 

 

• Bond Market Summary

 

The bond market closed this week with a slight decrease of 0.002% at XOF 4 014.96 billion against XOF 4 015.05 billion last week. This down is mainly due to the loss of XOF 23 on the price of the bond issue “CRRH-UEMOA 5.95% 2018-2030”. The total value traded on the market amounts to XOF 830.93 million for 86 289 bonds traded. The bond “CRRH UEMOA 5.95% 2018-2030” with 50 000 bonds for XOF 478 million have been the most liquid, representing 57.53% of the total value traded.

 

 

Best regards,