Cote d’Ivoire Equity Watch | 8 July 2015: BRVM equity market cap close higher … BRVM Composite index gains 27bps

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Wednesday, higher than the previous day. BRVM 10 index rose from 281.48 to 282.38 points, a gain of 0.32%. BRVM Composite index gained 0.27% to 281.51 against 280.75 points previously.

The equity market capitalization also added XOF 18.56 billion to close at XOF 6,946.33 billion relative to previous trading sessions’ market capitalization of XOF 6,927.77 billion.

The market activity was thin today with the total volume at 59,258 shares  compared to 2,644,104 recorded at previous trading sessions and total traded value was XOF 510.152 million (against XOF 1,885 million recorded at previous trading session) exchanged in 24 traded securities out of the 39 listed stocks. Today’s top stock by volume was ECOBANK TRANSNATIONAL INCORPORATION Togo with 38,511 traded shares (accounted for nearly 65 percent of the total volume) and SONATEL Senegal recorded the highest turnover of XOF 164.44 million contributing about 32 percent of total traded value.  The Liquidity ratio (measured by Volume traded/ Ask orders volume) ended at 11.85 percent and Price Earnings Ratio was recorded at 21.24.

Looking at the price movers and shakers, out of the 24 traded securities there were 8 price leaders, 10 laggards and 6 remained unchanged, hence market breathe ended positive. FILTISAC COTE D’IVOIRE surged by 7.49 percent to end at XOF 31,710 and SGB COTE D’IVOIRE advanced by 7.34 percent to conclude at XOF 117,000. Likewise, SITAB COTE D’IVOIRE gained 4.79 percent to settle at XOF 148,000 and ECOBANK TRANSNATIONAL INCORPORATION Togo surged by 3.70 percent with a closing price of XOF 56.00.

Among the price shakers were SICABLE COTE D’IVOIRE plummeted by 7.50 percent to trade at XOF 96,200 and Unilever COTE D’IVOIRE tumbled by 7.50 percent to close at XOF 23,125. Also, BANK OF AFRICA Senegal and TOTAL SENEGAL declined by 4.05 percent to close at XOF 71,000 and 3.45 percent to end at XOF 28,000 respectively.

From sector viewpoint, financial services sector index climbed by 2.95 percent and industry surged by 0.96 percent. On the contrary, public utilities, transportation and distribution sector indices lost 1.35 percent, 0.02 percent and 0.52 percent respectively. Agriculture sector index also lost 0.59 percent to close 213.44 points. However, miscellaneous sector index remained unchanged to end at 518.52 points.