BRVM Continues Recovery With Gains in Orange CI and Tractafric Motors CI
TLDR
- The BRVM regional market posted its second consecutive day of gains on October 7.
- Orange CI and Tractafric Motors CI led the way with significant gains.
- Overall trading volume declined slightly, but Sonatel remained the most actively traded stock.
The regional market of the Regional Stock Exchange (BRVM) continued its recovery on Wednesday, October 7. The BRVM-Composite Index rose 0.56% to 547.91 points, marking its second consecutive session of gains. The BRVM-30 also rose 0.52% to 265.31 points, and the BRVM-Prestige rose 0.14% to 203.22 points.
Market sentiment improved, with 22 stocks rising and 15 falling. This breakdown contrasts with the previous session, which saw more declines. The market’s recovery thus appears to be more broadly based, although a few stocks still contributed significantly to the indices’ gains.
Orange CI once again stood out, rising 2.85% to 22,000 FCFA. This gain added approximately 91.9 billion FCFA to its market capitalization, bringing its total gain to more than 10% over two trading sessions. Tractafric Motors CI also posted a strong performance, climbing 4.96% to 4,340 CFA francs, representing a gain of more than 12% over two days. CIE CI followed with a 4.84% gain to 6,500 CFA francs, and SMB CI advanced 3.13% to 16,500 CFA francs.
However, the session was also marked by significant declines. ONATEL BF posted the sharpest drop, falling 5.94% to close at 2,770 CFA francs. Sucrivoire CI fell 3.23% to 2,700 CFA francs, and SIB CI declined 2.78% to 8,750 CFA francs. Overall market activity contracted, with 2.68 billion FCFA traded, a figure lower than the previous day’s.
Sonatel remained the most actively traded stock, accounting for 956 million CFA francs in transactions, or nearly 36% of the total trading volume. Although its share declined from Tuesday’s 42.48%, the stock retains its leading position in terms of volume. The continued recovery, driven by key stocks such as Orange CI and Tractafric Motors CI, confirms a positive trend for the start of the trading week.
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