The share of the Société de Limonaderies et de Boissons Refreshantes d’Afrique (SOLIBRA) recorded the best performance on the stock market during the week of November 18 to 22, 2024, according to Revue Hebdomadaire, a specialized publication of the Management Company and intermediation (SGI) CGF Bourse based in Dakar.
According to CGF bourse, this performance follows > The SGI recalls in its review that the company SOLIBRA published its activity report for the first half of 2024 and its net profit is down 8.2% to 10 billion FCFA compared to 11 billion FCFA recorded in the first half of 2023.
SOLIBRA Côte d’Ivoire leads the Top 3 with the highest price increases (+27.86% to 14,960 FCFA) ahead of SOGB Côte d’Ivoire (+9.52% to 4,600 FCFA) and ETI Togo (+6 .67% at 16 FCFA).
On the other hand, the largest weekly price drop is that of the Société d’Etudes et de Travaux de l’Afrique de l’Ouest (SETAO) Côte d’Ivoire with -16.92%. According to CGF Bourse, SETAO’s action falls from its pedestal and returns to its level of two weeks ago after rebounding by 16.07% during the previous week. > The net result published by the company in the third quarter of 2024 is a deficit of 611 million FCFA compared to a net loss of 1.6 billion FCFA recorded in the third quarter of 2023.
The Flop of the largest weekly price declines is occupied by the securities SETAO Côte d’Ivoire (-16.92% to 540 FCFA), BOA Senegal (-12.95% to 3,395 FCFA) and SMB Côte d’Ivoire ( -6.67% to 9,790 FCFA).
The bond compartment of the sub-regional financial market closed the week under review with a market capitalization of 10,464.45 billion FCFA compared to 10,504.16 billion FCFA on November 15, 2024, down 0.38%. According to CGF Bourse, this regression is mainly justified by the partial repayment of capital of the “TPCI.O57 – TPCI 5.80% 2020-2027” bond.
At the end of this week, the weekly value transacted stood at 76.38 billion FCFA compared to 339.09 million FCFA the previous week, an increase of 76.04 billion FCFA in the overall value transacted on listed bond issues. Exchanges on the market mainly concerned 14 TPCI lines for a total value of 75.73 billion FCFA.
The overall market capitalization increased by 1.60% to 20,569.94 billion FCFA compared to 20,245.50 billion FCFA the previous week.
As for the Price Earning Ratio (PER) of the market, it stands at 11.17x compared to 11.09x on November 15, 2024. For its part, the weighted average return of the market follows the same upward trend, increasing from 7.72 % on November 15, 2024 to 8.79% on November 22, 2024.
Oumar Nourou
Senegal
Related News :