Rally in Orange, SocGen shares propel BRVM market to new peak

Daba Finance/Rally in Orange, SocGén shares propel BRVM market to new peak

AFRICAN STOCKS AND FINANCEJuly 10, 2024 at 6:11 PM UTC

TLDR

BRVM Composite index up 0.87% to reach highest in six years driven by Orange CI and Société Générale CI.
Orange CI's share price hits historical high of 12,100 FCFA with a 2.89% increase.
Société Générale CI rises by 2.79% to 19,740 FCFA, contributing to overall market index growth.

The benchmark BRVM Composite index rose by 0.87% on Wednesday, reaching 231.73 points, its highest in six years mainly driven by Orange CI.

The telco saw its share price jump by 2.89% to a historical high of 12,100 FCFA. Closely behind was Société Générale CI, which rose by 2.79% to 19,740 FCFA.

Similarly, the BRVM 30 and BRVM Prestige indices appreciated, recording increases of 0.91% to 116.03 points and 0.30% to 109.01 points respectively.

Key Takeaways

BOA CI gained the most on the day with a rise of 6.31% to 8,000 FCFA, reaching a peak not seen in seven years. It is followed by Bernabé (+4.74% to 995 FCFA), AGL CI (+4.00% to 1,300 FCFA), and BOA SN (+3.77% to 3,995 FCFA). Sonatel also posted a notable performance, with a slight increase of 0.28% to 19,750 FCFA, its highest level in five years. On the other hand, the shares of Sicable (-4.81% at 990 FCFA), Uniwax (-4.65% at 410 FCFA), and Total SN (-4.55% at 2,100 FCFA) recorded the worst performances of the session.

Orange CI

Société Générale CI

BOA CI

AGL CI

Bernabé

Sonatel

Sicable

Uniwax

Stocks

Finance

Investments

BRVM