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WEEKLY FLASH (Newsletter N°92)

Dear Mr/Mrs,

Please find attached the Weekly Flash from 11-18-2019 to 11-22-2019.

 

 

Market Commentaries

 

• Equity market Summary

 

This week, market indexes (BRVM Composite & BRVM 10) recorded a good performance (w/w). Indeed, at the end of this week’s session, BRVM Composite index gained 0.42% to stand at 140.39 points. Nevertheless, its annual performance is remains low at 18.25% for a P/E reached 9.26.

 

The total market value of shares traded this week was at XOF 1.936 billion. Moreover, this week’s volume traded was 1 245 860 shares against 454 470 shares last week. The market breadth was ascending (w/w) with 18 decliners, 14 gainers and 14 shares unchanged. At the sector level, “Automotive Suppliers” was the best performer, growing by 5.66% at 16.36 points and the “Chemical” knew the strongest drop (-10.34%) at 13.51 points.

 

The best performances of the week were recorded by:

 

The values of the Banking and Financial Institutions sector, indeed, BOA MALI (XOF 1200) and BOA BENIN (XOF 3 760) showed the strongest performance of the week with push of 11.63% and 7.74% respectively. After its low performance of last week, CFAO CI (XOF 430) returns to growth by showing an increase of 7.50%. At this trading session, NSIA BANQUE CI (+4.92%) reached a closing price of XOF 3 200. Finally, CIE CI rose by 4.00% to stood at XOF 1 300.

 

The worst performances of the week were recorded by:

 

BERNABE CI (-15.73%) which shows the most substantial drop of the week, stood to XOF 750. SICABLE CI (-11.03%) has consecutively recorded a second negative week to close at XOF 605. At this trading session AIR LIQUIDE CI (XOF 260) fell by 11.03%. The decline of 0.66 point observed in Packaging sector index, was induced by the underperformance of FILTISAC CI (XOF 850) which reduced by 8.60% on the reference period. Finally, BOA BURKINA FASO, contracted by 8.30% to reach XOF 3 095.

 

• Bond Market Summary

 

The bond market closed this week with an increase of 0.05% at XOF 4 151.88 billion against XOF 4 149.77 billion last week. This increase is mainly due to the gain of XOF 100 on the price of the bond “TPCI 5.90% 2016-2026”. The total value traded on the market amounts to XOF 483.29 million for 53 709 bonds traded. The bond “TPBF 6.50% 2017-2024” with 42 500 bonds for XOF 425 million, have been the most liquid, representing 87.94% of the total value traded.

 

 

Best regards,