BRVM stock market crosses 19trn XOF ($31bn) capitalization mark

BREAKING NEWSJune 28, 2024 at 1:01 PM UTC

TLDR

BRVM stock exchange hits 19 trillion FCFA ($31 billion), marking a 4.22% increase in 2024, showcasing strong investor confidence and regional economic growth.
BRVM cements itself as the fifth-largest African stock exchange, contributing around 15.81% to the UEMOA zone's GDP, a key player in regional financing.
Updated market capitalization emphasizes BRVM's pivotal role in the UEMOA zone's economies, attracting investors and bolstering market confidence.

The regional BRVM stock exchange reached a new symbolic milestone on Wednesday, June 26, 2024, bringing its overall capitalization to 19 trillion FCFA ($31 billion).

This 4.22% increase since the start of 2024 highlights the remarkable performance of the regional stock market and reflects investor confidence in the future of the UEMOA zone's economies.

With this achievement, the BRVM solidifies its position as the fifth-largest African stock exchange in terms of market capitalization. It now represents approximately 15.81% of the GDP of the UEMOA zone, underscoring its significant role in financing the region's economies.

Key Takeaways

This new record continues the upward trend that the BRVM has experienced since 2021, demonstrating the market's resilience amid successive international and regional crises. The robustness of listed companies, along with attractive returns, continues to draw investors. Beyond equities, with notable growth in the bond market as well. On June 26, three new bond listings were added, bringing the total number of listed bonds to 148. This represents an 11.28% increase since the beginning of 2024, illustrating the growing attractiveness of this market segment.

BRVM

Stock Market

Equities

Finance

Investments

UEMOA

WAEMU

West Africa