Tractafric Motors rebounds from three-day decline to lead BRVM rally
TLDR
- BRVM stock market continues upward trend with third consecutive day of gains, led by Ecobank CI and Onatel shares
- BRVM Composite index closes with 0.09% growth at 218.79 points, with positive momentum seen in BRVM 30 and BRVM Prestige indices
- Tractafric Motors CI posts strong rebound of 7.14%, while Sicable, Société Générale CI, and Bernabé see declines
The BRVM stock market sustained its upward trajectory, marking its third consecutive day of gains. Notably, Ecobank CI and Onatel shares led this trend with notable increases.
As a result, the BRVM Composite index closed with a modest growth of 0.09%, reaching 218.79 points. This positive momentum extended to both the BRVM 30 and BRVM Prestige indices, which also saw slight improvements.
Tractafric Motors CI rebounded strongly from previous declines, leading the session with an increase of 7.14%. Conversely, Sicable, Société Générale CI, and Bernabé experienced declines, registering the lowest performances for the day. Overall, the market's resilience reflects growing investor confidence and optimism in the region's economic outlook.
Key Takeaways
At the close of Thursday's trading session on the BRVM, market activity surged with a total of 95,205 shares exchanged, amounting to a market value of XOF 435,930,990. This represents a substantial improvement compared to the previous trading day on April 9, with a 41% increase in volume and a remarkable 73% increase in turnover. The BRVM Stock Exchange's current market capitalization stands at XOF 8.14 trillion, reflecting the robustness of the regional market. Of the 41 equities listed on the BRVM, 12 ended the session with gains while 11 registered losses, underlining the dynamic nature of the market. Overall, these figures demonstrate a buoyant trading environment and investor interest in the region's securities.
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