Ivorian stocks Total, SIB edge higher on BRVM as major index rebounds

BREAKING NEWSFebruary 29, 2024 at 12:52 PM UTC

TLDR

BRVM Composite index increased by 0.18% to reach 212.58 points, supported by gains in Total CI, SIB, and AGL.
BRVM 30 and BRVM Prestige indices also ended positively, with increases of 0.19% and 0.33% respectively.
More decreases (17) than increases (10) observed among the listed securities, with Total Cl showing the strongest performance of the day.

At the close of the session on Wednesday, the BRVM Composite index rose by 0.18% to reach 212.58 points. This increase was supported by gains in Total CI (+7.28% to 1,695 FCFA), SIB (+1.89% to 5,400 FCFA), and AGL (+5.67% to 1,585 FCFA).

Both the BRVM 30 and the BRVM Prestige indices also ended on a positive note, with increases of 0.19% to 106.93 points and 0.33% to 99.69 points, respectively. However, despite this overall positive performance, there were more decreases (17) than increases (10) among the listed securities.

Total Cl showed the strongest performance of the day, surging by 7.28% to 1,695 FCFA, followed by Nei-Ceda shares (+7.14% to 750 FCFA) and AGL. On the other hand, Sicable (-2.94% at 990 FCFA), Vivo Energy (-2.58% at 755 FCFA), and Unilever (-2.44% at 6,000 FCFA) were among the top losers.

Key Takeaways

The BRVM is home to a plethora of high-quality stocks of multinationals, a group to which Total and SIB belong, and also includes telecom leader Sonatel, electricity provider CIE, pan-African lender Ecobank, and banking giants like Société Générale, Bank of Africa, and Oragroup. Multinationals like Nestlé and TotalEnergies are also listed. For the day, the most actively traded securities during the session were Palmci (-0.29% to 6,775 FCFA), Sonatel (-0.03% to 17,895 FCFA), and Ecobank (-0.15% to 6,790 FCFA), with respective trading volumes of 101.1 million FCFA, 36.5 million FCFA, and 31.8 million FCFA, contributing to a total transaction amount of 280.45 million FCFA.

Total CI

SIBC

BRVM

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