Cote d’Ivoire Market Watch | June 2nd 2015: BRVM stock market gains XOF 54 billion and indices rise

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) BRVM closed its trading session this Tuesday, higher than the previous day. BRVM 10 index rose from 273.46 to 276.13 points, a gain of 0.98%. BRVM Composite index gained 0.82% to 269.66 against 267.48 points previously. The equity market capitalization added XOF 54 billion to close recorded at XOF 6,600.34 billion.

Looking at the market activity, today trading activity improved compared to yesterday. The total volume was recorded at 1.573 million compared to 322, 774 volume recorded at previous trading sessions and total traded value was recorded at XOF 708.119 million (against XOF 1,000.557 million recorded at Monday trading session) exchanging hands in 27 securities out of 39 listed securities via 224 transactions. In addition, today’s top stock by volume was ECOBANK TRANSNATIONAL INCORPORATION Togo with 1.538 million traded shares (accounted for almost 98 percent of the total volume). The total stock by turnover was SONATEL SENEGAL with a XOF 346.532 million traded value. The Liquidity ratio (measured by Volume traded/ Ask orders volume) ended at 81.75 percent and Price Earning Ratio was recorded at 23.32.

From the market price movers’ perspective, out of the 30 traded securities there were 12 price gainers, 9 price losers and 6 remained unchanged, hence market breathe end on a positive note. The top price gainers were ONATEL BURKINA FASO (advanced by 7.32 percent to close at XOF 8,800), UNIWAX COTE D’IVOIRE (gained 4.71 percent to close at XOF 26,000), BOLLORE AFRICA LOGISTICS COTE D’IVOIR (went up 2.48 percent to close at XOF 165,000), PALM COTE D’IVOIRE (surged by 1.76 percent to close at XOF 17,300) and BANK OF AFRICA COTE D’IVOIRE  (rose by 1.60 percent to close at XOF 95,000). On the other hand, topping the losers’ were UNILEVER COTE D’IVOIRE declined by 4.40 percent to trade at XOF 32,505 and BANK OF AFRICA SENEGAL fell by 3.69 percent to close at XOF 65,010. Also, FILTISAC COTE D’IVOIRE and TOTAL SENEGAL declined by 1.75 percent and 1.58 percent to close at XOF 28,000 and XOF 27,350 respectively.

From sector viewpoint, financial services and distribution sector indices went down by 0.01 percent and 0.28 percent respectively. On the other hand, industry and public utilities sector index climbed by 0.09 percent and 1.64 percent respectively. Also, transportation and agriculture sector indices raised by 2.43 percent and 0.99 percent. However, miscellaneous sector index remained unchanged.