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BRVM: BOA shares soar

10/09/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex Index/Markets

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After the detachment of allocation rights, the shares of the BOA group show significant performance improvements.

Following the detachment of allocation rights as part of the issuance of free shares, Bank of Africa (BOA) shares have experienced a significant expansion on the market. BOA Benin and Senegal are in the lead with notable gains, increasing the values by 23.55% and 18.69% respectively. BOA Benin (BOAB) led the movement with a remarkable increase of 23.55%, bringing its value to 4,800 FCFA. BOA Senegal (BOAS) also enjoyed strong interest from investors, increasing by 18.69% to 4,000 FCFA, ending two weeks of decline. Meanwhile, BOA Niger grew by 18.10%, reaching 3,850

FCFA.

For its part, BOA Mali recorded the largest increase (30%), followed by Senegal (28%), with the other subsidiaries also showing positive increases. BOA Niger (BOAN) ) et BOA Burkina Faso (BOABF ) recorded increases of 18% and 15% respectively. The rise in BOA shares highlights the positive impact of free stock awards, allowing these banks to benefit from continued interest from investors

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