Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

BRVM benchmark index sees fourth straight week of gains

Daba Finance/BRVM benchmark index sees fourth straight week of gains
BREAKING NEWSMarch 11, 2024 at 2:52 PM UTC

TLDR

  • BRVM stock market trades over 2.1 million shares worth 1.74 billion FCFA, sees positive 0.21% trend increase to 212.98 points.
  • Notable gains in SIB CI (+8.11% to 5,800 FCFA) and ETIT (+5.88% to 18 FCFA) stocks contribute to market growth.
  • BOA Niger's net profit slightly decreases by 0.57% to 10.07 billion FCFA, highlighting resilience post-sanctions.

Between March 4 and 8, investors on the BRVM stock market traded over 2.1 million shares valued at 1.74 billion FCFA. The market saw a positive trend, with a 0.21% increase to 212.98 points, marking the fourth consecutive week of gains.

During this period, there were 23 declines and 17 rising values, with notable gains seen in stocks like SIB CI (+8.11% to 5,800 FCFA) and ETIT (+5.88% to 18 FCFA), contributing to the overall upward movement of the market.

Additionally, BOA Niger reported a net profit decrease of 0.57% to 10.07 billion FCFA by the end of 2023. Despite facing sanctions in 2023, this slight contraction underscores the company's resilience and stability.

Key Takeaways

During the week, there was a decrease in the value of exchanged shares, totaling 1.74 billion FCFA compared to 1.98 billion FCFA the previous week, marking a 12.12% drop. Sonatel (275.16 million FCFA), Société Générale (170.5 million FCFA), and BOA Niger (151.78 million FCFA) were among the main stocks traded. The market capitalization increased to 7,923.4 billion FCFA from 7,907.1 billion FCFA the previous Friday, representing a gain of 16.37 billion FCFA. Notably, the Egyptian stock exchange recorded the highest performance with a jump of +8.07% for the EGX 30, reaching 31,300.54 points. This was followed closely by the Zambian stock market (+2.85% to 12,416.30 points) and Ghana (+2.92% to 3,341.88 points). Conversely, the Zimbabwe Stock Exchange experienced the largest decline of -3.04% to 506,648.79 points during the week.

BRVM
SIB CI
ETIT
Sonatel
Société Générale
BOA Niger
Stocks
Finance
Investments

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved