Cote d’Ivoire Equity Watch | 22 July 2015: BRVM stock investors lost XOF 18 billion … index falls

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Wednesday, lower than the previous day. BRVM 10 index decreased from 296.05 to 294.86 points, a drop of 0.40 percent. BRVM Composite index lost 0.25 percent to 290.55 against 291.29 points previously.

The equity market capitalization also lost XOF 18.2 billion to close at XOF 7,169.48 billion relative to previous trading sessions’ market capitalization of XOF 7,187.65 billion.

The market activity measured by total volume was heavy today, with the total volume at 817,470 stocks compared to 122,740 recorded at previous trading sessions. The total traded value was at XOF 2,186 million (against XOF 1,001 million recorded at previous trading session) exchanged in 27 traded securities via 250 deals.

Today’s top stock by volume was ECOBANK TRANSNATIONAL INCORPORATION Togo with 736 341 traded securities (accounted for about 90 percent of the total volume) and PALM COTE D’IVOIRE recorded the highest total traded value of XOF 556.209 million contributing over 25 percent of total traded value.  The Liquidity ratio (measured by Volume traded/ Ask orders volume) ended at 44.76 percent and Price Earnings Ratio was recorded at 21.47.

From the market movers’ perspectives, there were 8 price leaders, 6 laggards and 13 remained unchanged, hence market breathe ended positive. SOGB COTE D’IVOIRE surged by 2.75 percent to end at XOF 29,800 to emerge the top price gainers’ list. The second price gainer was TOTAL SENEGAL with 1.82 percent at XOF 28,000. Likewise, SOLIBRA COTE D’IVOIRE gained 1.59 percent to settle at XOF 175,000 and CIE COTE D’IVOIRE surged by 1.28 percent with a closing price of XOF 78,500.

On the other side, the biggest loser was PALM COTE D’IVOIRE which lost7.00 percent to trade at XOF 14,800 and then follows by BANK OF AFRICA BENIN ending at XOF 112,010 after falling by 6.11 percent. Others top losers were FILTISAC COTE D’IVOIRE went down by 3.45 percent to close at XOF 28,000 and UNIWAX COTE D’IVOIRE declined by 1.79 percent to close at XOF 27.500.

From sector viewpoint, public utilities sector index climbed by 0.41 percent and distribution sector index rose by 0.24 percent. However, industry sector index tumbled by 0.27 percent to close 162.8 points and financial services sector index lost 1.10 percent to end at 112.21 points. Agriculture sector index also slumped by 0.71 percent. Transportation sector index and miscellaneous sector index remained flat to close at 901.91 points and 524.69 points.

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