BRVM Composite index records slight decline after hitting new peak
TLDR
- BRVM Composite index marginally dipped to 226.07 points, hitting a peak at 226.12 points.
- BRVM 30 index slightly decreased to 113.42 points, while BRVM Prestige index appreciated to 105.11 points.
- Decline attributed to underperformance of stocks like CFAO Motors CI and BOA Niger, with 19 stocks down and 11 up.
The BRVM Composite index experienced a marginal dip of 0.02%, closing at 226.07 points on Wednesday after hitting a new peak at 226.12 points during the trading session.
The BRVM 30 index also saw a slight decrease of 0.01%, settling at 113.42 points, while the BRVM Prestige index showed a modest appreciation of 0.17%, reaching 105.11 points.
The market's slight decline was primarily driven by the underperformance of stocks like CFAO Motors CI (-5.41% to 700 FCFA) and BOA Niger (-6.86% to 5,605 FCFA), alongside a negative balance of variations with 19 stocks down compared to 11 up.
Key Takeaways
During the session, top-performing stocks included Setao (+6.76% at 790 FCFA), Nei-ceda (+6.67% at 800 FCFA), and Tracfitic Motors CI (+2.00% at 2,300 FCFA). On the flip side, Uniwax (-6.98% at 400 FCFA), Air Liquide (-6.92% at 605 FCFA), and BOA Niger experienced the most significant declines. Notably, Nei-ceda shares reached their highest level since the year began, largely due to a dividend yield exceeding 10%. The total volume of transactions for the session amounted to 438.76 million FCFA.
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