Commentary on variations : The stock market, for its last session of the week, continued to evolve on the same trend of the previous session, closing once again in the red. The leading market indices all fell during this trading session with the BRVM Composite which fell by 0.33% to now stand at 219.19 points.
The FLOP 3 recorded on the market is made up of Saph CI (-7.47%) which sees its price drop to 2 355FPalm CI continues with a new drop of -7.46% to stand at 6 200 F CFA and Uniwax CI maintains its place by posting a counter-performance of 7.45% bringing its trading price to now 435 F CFA .
Furthermore, the largest transactions were carried out on CIE securities as was the case during the last session (3.68%) in view of the company’s performance, with more than 67 million CFA francsfollowed by Onatel BF (3.73%) which was traded on the market at more than 51 million CFA francs thanks to the publication of its results for the first quarter of 2024 which are reassuring.
The TOP 3 of the day, for its part, is made up of the SODECI companies (+6.5%) which moves up one place compared to the previous session (effect of the company’s dividend yield), followed by BICICI (+ 3.86%) and CIE (+3.73%).
Regarding the information communicated in the BOC:
Notice of meeting NSIA BANQUE CI: The shareholders of NSIA BANQUE CÔTE D’IVOIRE, whose head office is located in Abidjan-Cocody, are convened for an Ordinary General Meeting on Thursday May 23, 2024 at 10:30 a.m. GMT, at the amphitheater of the Pension Fund by Distribution with Savings of the West African Monetary Union (CRRAE-UMOA), located in Abidjan-Plateau, boulevard Botreau ROUSSEL. Among these resolutions which will be posted, it is proposed the distribution of a total dividend of 12.5 billion FCFA or 454 FCFA net per share (dividend yield of 7.84%). Payment will be made within 45 days from the date of the General Meeting.
Vocabulary Point : A public securities market
The public securities market is a place where the only products traded there are public securities. These securities are only issued by States. These products include assimilable treasury bonds (OAT) which are medium and long-term debt securities and assimilable treasury bonds (BAT) which are short-term debt securities issued.
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