BRVM Market Closes with Declines Amid Cautious Investor Sentiment
TLDR
- The BRVM stock market closed Tuesday on a declining trend
- The main indices exhibited weak performance throughout the session
- Tractafric Motors saw the steepest drop, falling by 7.44% to 1,805 FCFA
The BRVM stock market closed Tuesday on a declining trend, with 12 stocks down compared to 10 gaining, reflecting a cautious investor sentiment. The main indices exhibited weak performance throughout the session.
The BRVM Composite fell by 0.16% to close at 272.09 points, while the BRVM 30 dropped by 0.13%, ending at 136.88 points. The BRVM Prestige index experienced a sharper contraction, losing 0.47% to close at 112.51 points.
Tractafric Motors saw the steepest drop, falling by 7.44% to 1,805 FCFA. Servair Abidjan followed closely with a 7.30% decline to 1,715 FCFA, while Setao fell by 4.65% to 410 FCFA. On the positive side, Sucrivoire led the gains, advancing by 4.48% to 700 FCFA. It was followed by Filtisac, which rose by 3.53% to 1,905 FCFA, and Uniwax, which gained 2.56% to reach 400 FCFA.
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Key Takeaways
The overall market capitalization declined by 15.8 billion FCFA, driven largely by losses in ECOBANK CI, which contributed a negative impact of 13.7 billion FCFA. However, the decline was partially offset by NSIA CI, which gained 2.4 billion FCFA, positioning itself as the session’s most resilient performer. The total trading volume for the session amounted to 567.64 million FCFA, with PALM CI leading the activity, accounting for 117.2 million FCFA or 20.66% of total transactions.
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