Large-cap Nestlé, NSIA Banque CI lead second straight BRVM decline

Daba Finance/Nestlé, NSIA Banque CI lead second straight BRVM decline

AFRICAN STOCKS AND FINANCEJune 20, 2024 at 9:51 AM UTC

TLDR

BRVM stock market falls for second consecutive session, impacted by declines in Nestlé CI and NSIA Banque CI.
Top performers include Sicable, Tractafric Motors, and CIE with positive growth in stock prices.
BRVM Composite and BRVM Prestige indices decrease, while the BRVM 30 index shows a slight increase.

Despite gains by large capitalizations like Orange CI (+0.83% to 11,600 FCFA) and Sonatel (+0.52% to 19,400 FCFA), the BRVM stock market fell for the second consecutive session.

That was due to significant declines in Nestlé CI (-6.19% to 7,500 FCFA) and NSIA Banque CI (-5.36% to 5,915 FCFA). Meanwhile, top performers included Sicable (+6.50% to 1,065 FCFA), Tractafric Motors (+4.55% to 2,300 FCFA), and CIE (+4.21% to 1,980 FCFA).

The BRVM Composite and BRVM Prestige indices dropped by 0.04% to 228.27 points and 0.91% to 108.08 points, respectively, while the BRVM 30 increased by 0.11% to 113.94 points.

Key Takeaways

Leading the declines was Sicor (-7.50% to 3,145 FCFA), which has been on a downward trend for six consecutive sessions, accumulating a loss of 13.84%. Oragroup (-7.32% to 1,710 FCFA) and Air Liquide (-6.25% to 525 FCFA) also saw significant drops. The most traded securities of the session were Sonatel and BOA BF, with trading volumes of 140.91 million FCFA and 137.38 million FCFA, respectively. Overall, the total trading volume increased by 18.22%, reaching 537.84 million FCFA compared to 454.95 million FCFA the previous day.

Orange CI

Sonatel

BRVM

Stocks

Nestle CI

Sicable

NSIA Banque CI

CIE

Tractafric Motors

Finance

Equities

Dividends