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West African stock exchange: the BRVM reached 20,600 billion FCFA in 2024

17/01/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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Le jeudi 16 janvier dernier, le directeur général de la BRVM a annoncé que la valeur totale de la Bourse régionale des valeurs mobilières (BRVM) a atteint 20,600 billion CFA francs (32 billion dollars) in 2024.

The West African Stock Exchange reached a record high, boosted by strong investor interest. Selon le DG Edoh Kossi Amenounve, “the appetite of investors supported the stock market in 2024". He said that the total was up from 18.3 billion CFA francs in 2023. In 2024, the total value of transactions reached 462 billion CFA francs, compared to 396 billion CFA francs previously. For its part, the BRVM all-equity composite index grew by 28.9% over one year to 276.02 points. According to the CEO, the Beninese International Bank for Industry and Commerce (BIE) should be listed on the stock exchange in April after its IPO

. As a reminder, the Abidjan Stock Exchange currently has 47 listed companies, including the Ivorian bank Société Générale Côte d'Ivoire, Onatel of Burkina Faso, the Senegalese telecommunications operator Sonatel

and the Ivorian telecommunications operator Orange.
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