BOA Mali leads gainers as benchmark BRVM Composite Index rises 1.12%
TLDR
- BRVM Composite Index (BRVM-CI) gained 0.4% on Friday, closing at 214.29, with a weekly increase of 1.12% and a four-week increase of 0.86%.
- Bank of Africa - Mali led with a significant 7.36% share price jump, followed by Bank of Africa - Senegal, Setao Côte d’Ivoire, and Oragroup Togo.
- Sogb Côte d’Ivoire was the top loser with a 4.76% price drop, followed by Uniwax Côte d’Ivoire, Sitab Côte d’Ivoire, and Sode Côte d’Ivoire in a mixed market performance.
The BRVM Composite Index (BRVM-CI) showed positive momentum on Friday, closing at 214.29, which represents a 0.4% increase. Over the week, the index gained 1.12%, while over the past four weeks, it saw an increase of 0.86%. Year-to-date, the index has recorded a modest gain of 0.07%.
Among the top gainers for the day, Bank of Africa - Mali led with a remarkable share price appreciation of 7.36%, closing at XOF 1,605 per share. This was followed by Bank of Africa - Senegal (+5.35%), Setao Côte d’Ivoire (+5.23%), and Oragroup Togo (+4.55%).
Conversely, the top losers included Sogb Côte d’Ivoire, which experienced a price depreciation of 4.76% at XOF 3,700 per share. This was followed by Uniwax Côte d’Ivoire (-3.74%), Sitab Côte d’Ivoire (-1.79%), and Sode Côte d’Ivoire (-1.02%). Overall, the market exhibited mixed performance with notable gains in some sectors and declines in others, reflecting the dynamics of individual stocks within the BRVM.
Points clés à retenir
The impressive financial performance of BOA Mali in 2023 propelled its share price to the top of the variations, with a gain of 7.36% to 1,605 FCFA. The bank's significant profit increase of 135% to more than 5 billion FCFA in 2023 has reignited investor confidence in the value of the stock, reaching levels not seen since the lifting of the embargo in 2022. In terms of market-wide performance, several indices demonstrated notable gains. The BRVM Prestige index increased by 0.91% and recorded a weekly gain of 1.65%, although it is down by 1% year-to-date (YTD). Similarly, the BRVM 30 index rose by 0.41%, with a weekly gain of 0.98%, but it remains down by 0.2% YTD. The BRVM Principal index increased by 0.36% and saw a weekly gain of 1.19%, with a slight YTD increase of 0.17%.
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