BRVM benchmark index declines marginally to end week in red

AFRICAN STOCKS AND FINANCEFebruary 11, 2024 at 3:22 PM UTC

TLDR

Regional stock market experiences a fourth consecutive session in the red.
Composite index closes with a marginal decline of 0.02% at 207.86 points.
Orange CI, the second-largest capitalization, sees a decline of -0.37% to 10,655 FCFA.

Since the beginning of the week's trading, the regional stock market struggled to find stability, marking a fourth consecutive session in the red on Friday.

The Composite index experienced a marginal decline of 0.02%, closing at 207.86 points, while the BRVM 30 index held steady at 104.31 points. However, the BRVM Prestige index managed to secure a modest gain of 0.33%, reaching 97.41 points.

The slight downturn in the market can be attributed largely to the relative loss of Orange CI, the second-largest capitalization on the market, which experienced a decline of -0.37% to 10,655 FCFA, despite having more increases (13) than drops (9) in its balance of variations.

Points clés à retenir

In terms of individual stocks, Vivo Energy recorded the most significant decline, dropping by -6.79% to 755 FCFA, albeit with a relatively low volume of 4.39 million FCFA. Similarly, Servair Abidjan (-4.44% to 1,290 FCFA), CFAO Motors CI (-2.70% to 720 FCFA), and SIB (-0.56% to 5,295 FCFA) also experienced declines. Conversely, Filtisac (+5.57% to 1,800 FCFA) and Total SN (+4.82% to 2,390 FCFA) saw notable gains, providing some stability to the market. On Friday, February 9, 2024, investors traded a total volume of 127.18 million FCFA, with over 19% of transactions occurring on BOA CI (+1.41% to 7,200 FCFA), totaling 24.82 million FCFA.

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