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BRVM Ends Session on Positive Note Despite Selling Dynamics

Daba Finance/BRVM Ends Session on a Positive Note Despite Selling Dynamics
AFRICAN STOCKS AND FINANCEJanuary 14, 2025 at 2:59 PM UTC

TLDR

  • The BRVM stock market closed Monday positively
  • Composite Index rose 0.86% to 274.10 points
  • Market growth was primarily driven by Orange CI

The BRVM stock market closed Monday positively, with the BRVM Composite Index rising 0.86% to 274.10 points.

The BRVM-30 gained 0.97% to 137.80 points, while the BRVM Prestige Index recorded a slight increase of 0.34%, closing at 112.86 points.

Market growth was primarily driven by Orange CI, which added 119.77 billion FCFA to its market capitalization, reinforcing its leading position.

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Key Takeaways

Alios Finance recorded the session's best performance, gaining 7.10% to 830 FCFA, followed by Orange CI, up 4.68% to 17,800 FCFA, and SIB CI, which rose 1.72% to 3,540 FCFA. On the other hand, significant declines were observed in SMB CI, down 7.39% to 8,150 FCFA, Uniwax CI, which fell 6.02% to 390 FCFA, and Sucrivoire, declining 4.14% to 695 FCFA. Total trading volume reached 392.64 million FCFA, with Orange CI accounting for 16.73% of exchanges. The stock reaffirmed its dominant position with a traded volume of 81.82 million FCFA.

Stocks
BRVM
Orange CI
Alios
SIB
SMB
Uniwax
Sucrivoire

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