Uptick in Orange CI, BOA propels BRVM indexes to positive territory
TLDR
- Orange CI notably contributed to the positive performance of the BRVM stock market, with a 0.93% increase to 10,850 FCFA.
- Best-performing stocks included Sitab (+7.40%), BOA Mali (+5.71%), and Sucrivoire (+4.55%).
- Sonatel led the exchanges, representing 60% of the total volume with transactions valued at 441.81 million FCFA.
Orange CI's notable performance, with a 0.93% increase to 10,850 FCFA, played a key role in driving the BRVM stock market into positive territory on Tuesday. Consequently, both the BRVM Composite and BRVM 30 indices appreciated by 0.25% and 0.20%, respectively, while the BRVM Prestige experienced a slight decline of 0.28%.
Among the best-performing stocks were Sitab (+7.40% to 6,095 FCFA), BOA Mali (+5.71% to 1,480 FCFA), and Sucrivoire (+4.55% to 460 FCFA). Conversely, Tractafric Motors CI (-6.91% at 1,820 FCFA), Vivo Energy (-5.88% at 720 FCFA), and Sicable (-5.16% at 1,010 FCFA) were among the stocks that closed lower.
The total volume of transactions amounted to 735.6 million FCFA, involving 170,849 securities exchanged. Notably, Sonatel accounted for the majority of exchanges, representing 60% of the total volume with transactions valued at 441.81 million FCFA.
Key Takeaways
At the close of Tuesday's trading session on the BRVM Stock Exchange, a total of 170,849 shares were traded, amounting to a market value of XOF 735,589,298. This represents a 42% decline in volume compared to the previous trading day but a significant 115% improvement in turnover. The current market capitalization of the BRVM Stock Exchange stands at XOF 7.92 trillion. Out of the 41 BRVM-listed equities that participated in trading, 12 ended the day as gainers while 18 recorded losses. Despite the mixed performance of stocks, the overall market activity indicates notable trading dynamics and investor participation.
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