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Speculative transactions: underperformance of BRVM shares

05/09/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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Speculative "serif">transactions caused the significant drop in BRVM shares. The speculative behavior of investors contributed to the fluctuation in the prices of these shares throughout the week

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Uniwax (UNXC) and Société Ivoirienne De Banque Cote d'Ivoire (SIBC) suffered significant losses. UNXC fell by 4.65% and SIBC by 3.10%. Nestlé CI, CIE Cote d'Ivoire, and Orange CI also underperformed, with declines ranging from 1.85% to 2.10%. The Société Ivoirienne De Banque Cote d'Ivoire (SIBC ) faced significant losses, falling by 3.10% to 6,100 FCFA, due to the speculative behavior of investors. For its part, Uniwax (UNXC ) had a volatile week, finally ending as the biggest decline with a fall of 4.65% to 410 FCFA (around $0.69). This drop is largely attributed to investor speculation, which caused the stock price to fluctuate throughout the week. Other notable under-performances include Nestlé CI style="font-family: "Bookman Old Style”, "serif"> (-2.10% to 7,000 FCFA), CIE Ivory Coast (-1,93% à 2.030 FCFA), et

Orange CI ( -1.85% to 14,600 FCFA), completing the five main decreases of the week.
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