SITAB Share Price Hits Highest Level in Nearly a Decade
TLDR
- The BRVM stock market closed higher on Tuesday, reflecting investor confidence
- The Composite index rose 0.89% to 279.71 points while the BRVM-30 gained 0.94%
- Sitab led gains, rising 6.93% to 8,020 FCFA, followed by Ecobank Group (+6.67%) at 16 FCFA
The BRVM stock market closed higher on Tuesday, reflecting investor confidence. The Composite index rose 0.89% to 279.71 points, while the BRVM-30 gained 0.94% to 140.92 points. The Prestige index climbed 1.35% to 117.02 points.
Sitab led gains, rising 6.93% to 8,020 FCFA, followed by Ecobank Group (+6.67%) at 16 FCFA, and Uniwax (+6.49%) at 410 FCFA. Sitab shares hit their highest level in nearly a decade.
Meanwhile, Oragroup fell 5.33% to 1,600 FCFA, Total Senegal lost 2.17% to 2,250 FCFA, and Air Liquide declined 2.04% to 480 FCFA. Market capitalization gains reflected strong investor interest, with Ecobank CI up 3.93% (18.17 billion FCFA) and the Ecobank group share price up 6.67% (18.08 billion FCFA).
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Key Takeaways
The BRVM continues to show resilience, with major indices rising amid sustained investor interest. Gains in banking and consumer sectors suggest growing confidence, while declines in select stocks indicate market caution. Strong transaction volumes highlight liquidity, with Sonatel leading trading activity. Total market transactions reached 659.63 million FCFA, with Sonatel SN leading in trading volume, accounting for 46.59% (307.33 million FCFA).
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