Cote d’Ivoire Market Watch | May 19th 2015: BRVM shed XOF 30bn, indices lost 0.58%

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) BRVM closed its trading session this Tuesday, lower than the previous day. BRVM 10 index decreased from 273.19 to 271.61 points, a drop of 0.58%. BRVM Composite index lost 0.46% to 262.37 against 263.58 points previously. The equity market capitalization was recorded at XOF 6,474.20 compared to XOF 6,503.90 billion previously (a decrease of almost XOF 30 billion).

From market activity perspectives, the total volume traded was recorded at 398,212 (increased by 459% compared to yesterday’s volume) and total traded value was recorded at XOF 1,458 million (against 824.715 million previous trading day) exchanging hands in 28 shares out of 39 listed securities via 222 deals. The day top security by volume was ECOBANK TRANSNATIONAL INCORPORATION Togo with 349,292 traded shares and by value was SOCIETE GENERALE BANK Cote d’Ivoire with a XOF 1,710 million traded value.

Looking at the market breathes, it ended negative with 5 gainers and 9 losers. The top gainers were SICABLE Cote d’Ivoire (gained 7.49 percent to close at XOF 75,250), TRACTAFRIC MOTORS Cote d’Ivoire (appreciated 2.00 percent to close at XOF 179,525), BANK OF AFRICA Cote d’Ivoire (advanced 0.54 percent to close at XOF 97,500), SGB Cote d’Ivoire (surged by 0.52 percent to close at XOF 97,500) and BANK OF AFRICA Burkina Faso (rose by 0.49 percent to close at XOF 93,000). On the other hand, topping the losers’ were BANK OF AFRICA Niger declined by 5.61 percent to trade at XOF 75,040 and PALM Cote d’Ivoire fell by 3.41 percent to close at XOF 17,000. Also, UNIWAX Cote d’Ivoire and SOCIETE GENERALE BANK Cote d’Ivoire declined by 2.78 percent and 2.73 percent to close at XOF 17,500 and XOF 26,750 respectively.

From sector viewpoint, nearly all the sector indices went down apart from distribution sector index went up by 0.11 percent and miscellaneous sector index remained unchanged. While financial services sector index loss 1.03 percent, public utilities and industry sectors gained 0.10 percent and 0.16 percent. Also, agriculture index fell by 2.32 percent and transportation index declined by 0.05 percent.