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Stock market: SITAB shares achieved the best performance for the third day in a row

16/05/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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The stock SITAB (Société Ivoirienne de Tabacs) Côte d'Ivoire achieved the best performance on the equity market for the third consecutive day after the trading session on Thursday, May 15, 2025 at the end of the trading session on Thursday, May 15, 2025 of the Bourse Régionale des Valeurs Mobilières (BRVM).

The price of this stock rose from 13,635 FCFA the day before to 14,655 FCFA on May 15, 2025, i.e. an increase of 1,020 FCFA. Between May 8, 2025 when it listed 10,215 FCFA and this May 15, 2025, the SITAB Côte d'Ivoire share recorded an increase of 4,440 FCFA. At December 31, 2024, SITAB achieved a net profit of 44.730 billion FCFA compared to 12.399 billion FCFA at December 31, 2023, i.e. a strong increase of 260.75%. Investors continue to welcome the good results in fiscal year 2024 as well as in the first quarter of 2025.
The net result for the first quarter of 2025 was marked by an increase of 146% to 9.405 billion

CFA francs.

The Top 5 of the largest price increases are occupied respectively by SITAB Côte d'Ivoire (plus 7.48% at 14,655 FCFA), BICICI Côte d'Ivoire (plus 7.42% at 15,42% at 15,850 FCFA), Ecobank Côte d'Ivoire (plus 5.33% at 11,060 FCFA), SAFCA Côte d'Ivoire (plus 3.70% at 700 FCFA) and SAPH Côte d'Ivoire (plus 3, 33% to 6,200 FCFA)

.


As for the Flop 5 of the largest falls in prices, it is occupied respectively by Uniwax Côte d'Ivoire (minus 6.99% at 665 FCFA), Bernabé Côte d'Ivoire (minus 3.75% at 1,155 FCFA), NEI CEDA Côte d'Ivoire (minus 3.33% at 580 FCFA), BOA Niger (minus 2.99% at FCFA 665), Bernabé Côte d'Ivoire (minus 3.75% at 1,155 FCFA), NEI CEDA Côte d'Ivoire (minus 2.99% at FCFA 665), Bernabé Côte d'Ivoire (minus 3.75% at 1,155 FCFA) 2,600 FCFA) and Sicable Ivory Coast (minus 2.22 % to 1,320 FCFA).

The market capitalization of the equity market increased by 85.521 billion FCFA, from 11,497.954 billion FCFA the day before to 11,583.475 billion FCFA on Thursday, May 15, 2025. That of the bond market recorded an increase of 15 million, to 10 567.573 billion FCFA against 10 567.558 billion FCFA the day before. The total value of transactions is still above one billion FCFA billion, rising from 1.373 billion FCFA the day before to 1.340 billion FCFA on Thursday, May 15, 2025

.


The main stock market indexes are all green. The BRVM Composite index thus recorded an increase of 0.74% to 300.38 points against 298.17 points the day before. This index has exceeded the 300 point mark for the first time. This shows the good momentum that is currently taking place at the BRVM, the fifth largest stock exchange on the continent. As for the BRVM 30 index, it gained 0.62% to 151.22 points against 150.29 points previously. For its part, the BRVM Prestige index recorded the strongest increase with 0.93% to 124.52 points against 123.37 points

the day before.
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