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Regional stock exchange: The SGCI stock records an excellent weekly performance on the BRVM

13/06/2023
Categories: Index/Markets

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Societe Generale Côte d'Ivoire recorded an excellent weekly performance (+7.77%) with a volume of 14,338 shares traded during the week of 5 to 9 June 2023. The news comes from the Weekly Review, a publication of the Management and Intermediation Company (SGI) CGF Bourse

based in Dakar.

< Malgré le fait que l' action ait détaché un dividende de 1 112,43 FCFA lors de la séance du 26 mai, soit deux semaines auparavant, son cours a augmenté bien au-delà de la valeur de 14 995 FCFA atteinte avant l' ex-dividende, soit une hausse de 6,37% par rapport à son pic le plus récent (14 955 FCFA) ><>, CGF Bourse analysis. according to this SGI, the results The company's financial statements for the year 2022 and the first quarter of 2023 seem to be convincing investors and improving their prospects for the SGB CI stock. The bank recorded a 21% increase in net income in the first quarter of 2023 compared to the same period of the previous year.

The largest weekly drop in prices was caused by FILTISAC Côte d'Ivoire with -6.78%. According to CGF Bourse, since the beginning of the year, the share price has been falling and has found a support level around 1,080 FCFA. “As is well known, SGI points out, the company's activity report for the first quarter indicates a net profit of 138 million FCFA, compared to a loss of 382 million FCFA during the same period in 2022, thanks to the company's good management policy. >>However, notes CGF Bourse in its review, the slight decrease in turnover and the fall in exports of certain raw materials that may affect its jute production do not reassure investors about the company's prospects. From the announcement of this result on May 11, 2023 until the last listing of the stock, the share price has fluctuated between 1,095 FCFA and 1,200 FCFA with low volumes, which shows a lack of enthusiasm for

it.

Regarding the sub-regional financial market's bond compartment, it closed the week with a market capitalization of 10 104 billion FCFA as of 9 June compared to 10 113 billion FCFA on 5 June, a decrease of 0.09%. Regarding the overall market capitalization of the market, it recorded an increase of 0.66% to 17 505 billion

FCFA.
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