Major stock market index BRVM 30 revised for third quarter of year
TLDR
- BRVM-30 index composition updated for Q3 2024 with new additions like Nestlé CI and SAPH CI.
- Notable stocks like Air Liquide CI and Bank Of Africa ML removed from the index.
- Reflects market dynamics and changing investor interests.
The Bourse Régionale des Valeurs Mobilières (BRVM) has revealed the new composition of the BRVM-30 index, the second largest index on the market after the BRVM Composite, for the third quarter of 2024.
The index undergoes a quarterly revision to reflect the most actively traded securities. Nestlé CI, SAPH CI, Servair Abidjan CI, Sitab CI, and Sode CI have been included in the BRVM-30 index, indicating a growing interest among investors in these stocks.
Conversely, Air Liquide CI, Bank Of Africa ML, Nei-Ceda CI, Oragroup TG, and Safca CI have been removed from the index. This reshuffling highlights the dynamic nature of the market and the shifting interests of investors.
Points clés à retenir
Indexes are some of the most common and important concepts in the world of finance and investing. But what do they mean? An index is a way to measure and track the performance of a group of stocks or other assets. It’s like a thermometer for the market, showing how well certain parts of the market are doing. By looking at an index, investors can see if their investments are growing, staying the same, or shrinking. On the BRVM—the Bourse Régionale des Valeurs Mobilières, which is the regional stock exchange for the eight West African countries that share the CFA franc as their currency—several indexes track different sectors and aspects of the market.
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