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Stock market: the global capitalization exceeds 9 000 billion CFA francs for the first time

16/08/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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The UEMOA Regional Stock Exchange (BRVM) exceeded 9 trillion CFA francs (15 billion dollars) for the first time on August 8, 2024.

BRVM's market capitalization grew from 4 trillion in 2012 to 9 trillion in 2024, with a remarkable increase of 20% in less than eight months in 2024. The BRVM 30 and BRVM Prestige indices recorded respective gains of 0.58% to 121.62 points and of 0.14% to 111.1 points. This development reflects significant growth in the equity market, which has grown rapidly in recent years. The composite benchmark index grew by 0.54% to 242.77 points, its highest level since April 2018, supported mainly by the most valuable listed companies, Sonatel (+1.4% to 20,990 FCFA) and Orange CI

(+0.86% to 13,415 FCFA), which reached high levels.
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