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Bvmac: the share price of Régionale Bank stabilized at 42,500 FCFA in 2023, the volume of shares quadrupled

07/11/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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The share price of the Cameroonian bank La Régionale Bank stabilized at 42,500 FCFA during the year 2023. Regional Bank is the first company in the financial sector listed on the Central African Securities Exchange (Bvmac). The volume of titles has quadrupled in three years

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The activity report of the unified financial market of the CEMAC countries (Cameroon, Congo, Gabon, Equatorial Guinea, Chad and CAR) mentions that the price of this stock stood at 42,538 FCFA in January 2023, after 43,260 FCFA in January 2022. The volume of the company's shares traded on the market was quadrupled between 2021, when it went public, and 2023. According to the information, “La Régionale Bank shares have continued to maintain their on-going performance since they went public on July 16, 2021. The volume of shares traded has improved year after year, from 298 shares in 2021, 837 shares in 2022, to 1306 shares in 2023 (i.e. a little more than four times as in 2021, editor's note)... At the end of 2023, La Régionale Bank's shares traded during 41 trading sessions, compared to 35 trading sessions over the previous year,” making this stock the most traded on the market for the 2nd year in a row

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