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Stock markets: the BRVM overtakes the Nairobi Stock Exchange

26/09/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Les statistiques rendues publiques au 20 septembre 2023 a indiqué que la BRVM surpasses the Kenyan Stock Exchange with a market capitalization of 12,861 billions of American dollars.

The market capitalization of the Nairobi Stock Exchange was $9.773 billion. The fall in the capitalization of the Nairobi Stock Exchange is, among other things, linked to the fall of the Kenyan Shilling against the US Dollar (-22.21% in one year) as well as to the underperformance of certain key stocks (-36.23% for Safaricom) since the beginning of the year. Noted that the market capitalization of the Nairobi Stock Exchange was approximately $16 billion as of December 31, 2022

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In addition, the BRVM's market capitalization, which stands at 12.861 billion US dollars, is the result of the increase in capitalization following the entry of Orange Côte d'Ivoire in December 2022 as well as the good The performance of the UEMOA market since the beginning of 2023 shows a certain resilience in the face of endogenous and exogenous shocks

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Pour rappel, la Bourse Régionale des Valeurs Mobilières (BRVM) is an integrated electronic stock exchange. It is common to 8 countries in West Africa such as Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo

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