TotalEnergies Ivorian Unit Leads Gains as BRVM Ends Week Lower

AFRICAN STOCKS AND FINANCEMarch 3, 2025 at 1:03 PM UTC

TLDR

The BRVM closed last week lower, with the BRVM Composite index falling 0.44% to 292.49 points
25 stocks saw increases, 15 stocks declined, and 7 remained unchanged
Total Côte d'Ivoire saw the biggest rise, gaining 14.85% to 3,790 FCFA

The BRVM closed last week lower, with the BRVM Composite index falling 0.44% to 292.49 points and the BRVM 30 dropping 0.55% to 147.33 points.

In total, 25 stocks saw increases, 15 stocks declined, and 7 remained unchanged. Total Côte d'Ivoire saw the biggest rise, gaining 14.85% to 3,790 FCFA (about $5.99). Filtisac followed with an increase of 10.85% to 2,400 FCFA (about $3.80), while BOA Niger rose 8.95% to 2,800 FCFA (about $4.43).

On the downside, Sucrivoire Côte d'Ivoire suffered the largest loss, dropping 13.33% to 780 FCFA (about $1.23). Other notable decliners included SICOR (-8.65%), NSIA Bank (-4.75%), and Safca (-3.64%).

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Key Takeaways

The market showed mixed performance this week. While some stocks like Total CI and Filitisac showed strong gains, others such as Sucrivoire and SICOR faced significant losses. The BRVM's overall decline highlights the ongoing volatility in regional markets, influenced by fluctuating investor sentiment and sector-specific factors. The strong performance of stocks like Total CI reflects confidence in specific sectors such as energy, while the declines in companies like Sucrivoire and SICOR suggest potential market challenges. The BRVM's overall negative trend suggests caution for investors as uncertainty continues to influence trading patterns.

Stocks

BRVM

Finance

Equities

Sicor

NSIA

Sucrivoire

BOA Niger

Filtisac

Total CI