Commentary on variations : Market growth undermined this Thursday 10 | BOAN on the podium!
The market showed a slight downward trend one day before the weekend, suggesting a gloomy end to the week. The BRVM Composite index closed at 269.00 points, marking a decrease of 0.12%. The BRVM 30 index stood at 133.38 points, recording a drop of 0.09%, while the BRVM Prestige index recorded a loss of 0.34%, ending at 111.78 points.
On the side of the strongest progressions, SAPH CI (SPHC) closes at 4,295 FCFA, recording an increase of 7.38%, UNIWAX CI (UNXC) with a price of 470 FCFA increases by 6.82%, SUCRIVOIRE (SCRC) established at 790 FCFA with an increase of 6.76%, TOTALENERGIES MARKETING SN (TTLS) ended at 2,310 FCFA up 4.76%, and BANK OF AFRICA NG (BOAN) closed at 3,350 FCFA with an increase of 3.08%.
On the other hand, among the biggest declines, SMB CI (SMBC) fell by 7.48%, closing at 11,935 FCFA, SERVAIR ABIDJAN CI (ABJC) with a price of 1,945 FCFA recorded a drop of 7.38%, SETAO CI (STAC) fell by 6.72%, closing at 625 FCFA, CFAO MOTORS CI (CFAC) fell by 5.19%, with a price of 640 FCFA, and VIVO ENERGY CI (SHEC) closed at 830 FCFA, down. of 5.14%.
In terms of transaction volume, SONATEL SN (SNTS) achieved the strongest performance with a volume of 1,579,961,675 FCFA, marking an increase of 20.48x. BANK OF AFRICA CI (BOAC) follows with 180,795,365 FCFA (+5.87x), and SITAB CI (STBC) shows a volume of 156,399,010 FCFA, although down slightly by -0.38x. SOLIBRA CI (SLBC) recorded 99,808,895 FCFA (+0.09x), while BANK OF AFRICA ML (BOAM) posted a volume of 47,245,570 FCFA (+3.37x).
Among the lowest transactions, SAFCA CI (SAFC) recorded 86,840 FCFA, down -0.92x, followed by BERNABE CI (BNBC) with 112,440 FCFA (-0.81x) and UNILEVER CI (UNLC) at 172,655 FCFA. SETAO CI (STAC) and BICI CI (BICC) achieved respectively 368,590 FCFA (+0.61x) and 414,530 FCFA (-0.98x).
Regarding the information communicated in the BOC:
Obligations
ECOWAS Bank for Investment and Development (EBID) :
EBID GSS 6,50 % 2024-2031 : First listing on October 31, 2024.
Vocabulary Point : Splitting
The stock split, or split in English, is a financial transaction by which a company divides each of its shares into several shares of smaller value. The objective of this operation is often to make the stock more affordable for investors by lowering its unit price, without affecting the total value of the company.
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