The SOLIBRA Côte d’Ivoire share recorded a weekly performance of 32.24%.

According to this publication, this performance follows its split which took place during the session of September 30, 2024, dividing the share price by 10 and bringing the number of securities held by the holders to 10 new shares against 1 old share. Thus, the number of transactions carried out during the week on the SOLIBRA CI share was increased to 15,445 shares compared to 154 shares exchanged during the previous week. CGF Bourse recalls that the company has not yet published an activity report concerning its 2024 financial year. At the end of 2023, its net profit was up sharply by 1,138.62% to 15.08 billion FCFA compared to 154 million FCFA at December 31, 2022.

The Top 3 of the highest weekly price increases established by CGF Bourse places Solibra in the lead (up 32.24% at 13,505 FCFA), followed by Bernabé Côte d’Ivoire (up 14.43% at 1,150 FCFA) and BOA Ivory Coast (plus 14.42% at 9,600 FCFA).

The action of the banking holding company ECOBANK TRANSNATIONAL INCORPORATED (ETI) Togo fell by 5.88% at the end of this trading week with 2.46 million shares exchanged against 1.32 million shares exchanged a week earlier under the weight of sellers. The SGI notes in its publication that this company achieved a net profit up 5.34% in the first half of 2024 and did not distribute dividends for its financial year ending December 31, 2023.

ETI Togo occupies the head of Flop 3 of the largest weekly price drops (minus 5.88% to 16 FCFA) followed respectively by SICOR Côte d’Ivoire (minus 5.83% to 2,825 FCFA) and Servair Abidjan (minus 5 .78% at 2,200 FCFA).

In its publication, CGF Bourse notes that the bond compartment of the sub-regional financial market closed the week of September 30 to October 4, 2024 with a market capitalization of 10,619.34 billion FCFA compared to a capitalization of 10,502.79 billion FCFA in September 27, 2024, an increase of 1.11%. “This progression is mainly justified by the first listing of the bonds “TPCI.O89 – TPCI 5.90% 2024-2029” and “TPCI.O90 – TPCI 6.00% 2024-2031” for a total capitalization of 179.07 billion FCFA,” underlines the SGI.

At the end of this week under review, the weekly value transacted stood at 4.89 billion FCFA compared to 1.34 billion FCFA the previous week, an increase of 263.19% in the overall value transacted on listed bond issues. Exchanges on the market mainly concerned 200,000 securities of the bond loan “TPCI.O61 – TPCI 5.90% 2021-2031” for a value of 2 billion FCFA transacted.

The overall market capitalization of the BRVM experienced a weekly variation of 0.40% to 20,211.94 billion FCFA.

The Price Earning Ratio (PER) of the market stands at 10.33x on October 4 compared to 10.49x on September 30, 2024.

As for the average market return, it increased from 8.32% on September 30, 2024 to 8.86% on October 4, 2024.
Oumar Nourou