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Stock markets: Africa Global Logistics ranks first in the top 5 of the largest price increases

21/11/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of the trading session on Monday, November 20, the Africa Global Logistics (ex Bolloré) Côte d'Ivoire stock market rose the largest increase in the price of shares of the Regional Stock Exchange (BRVM) with 7.38%.

On Friday November 17, 2023, the price of the Africa Global Logistics share rose from 1,490 FCFA to 1,600 FCFA on November 20, 2023, an increase of 10 FCFA. To this end, the Africa Global Logistics (AGL) Côte d'Ivoire price is approaching its level of Monday, November 13, when it traded at 1,655 FCFA. AGL Côte d'Ivoire achieved a net profit of 18 billion FCFA as of 30 September 2023 compared to 10 billion FCFA as of 30 September 2022, a strong increase of 83%. According to the management of AGL, the result was mainly driven by good control of expenses and an increase in financial income received.

After AGL Côte d'Ivoire, the titles Air Liquide Côte d'Ivoire (plus 5.88% to 720 FCFA), Sitab Côte d'Ivoire (plus 5.00% to 6,300 FCFA), Sicable Côte d'Ivoire (plus 4.07% to 1,150 FCFA) and Crown SIEM Côte d'Ivoire (plus 3.85% to FCFA 675) are followed). The FLOP 5 of the largest price declines, it is occupied by Tractafric Motors Côte d'Ivoire (minus 7.50% to 1 850 FCFA), Nestlé Côte d'Ivoire (minus 7.38% to 7,215 FCFA), Palm Côte d'Ivoire (minus 5.45% to 6,500 FCFA), SAPH Côte d'Ivoire (minus 4.35% to 2,200 FCFA) and SOGC Côte d'Ivoire (minus 3.89% to 2,595 FCFA).

Furthermore, the value of transactions at the level of market activities stood at 275.373 million FCFA compared to 1.433 billion FCFA on November 17, 2023. The market capitalization of the bond market fell by 25.488 billion, from 10,345.657 billion FCFA the previous day to 10,320.169 billion FCFA on 20 November 2023. The stock market fell by 18.139 billion francs, to 7768.834 billion FCFA compared to 7,786.973 billion FCFA on Friday

, November 17, 2023.

When it comes to market indices, they are in the red zone. The BRVM 30 index (index of the 30 most traded stocks on the market) fell 0.23% to 105.17 points against 105.41 points previously. The composite index (the general stock market index) fell by 0.23% to 208.83 points against 209.31 points the day before. And the BRVM Prestige index (an index comprising all the values listed in the Prestige compartment) fell sharply by 0.92% to 98.96 points against 99.88 points the day before.

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