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Stock market performance in Africa: The BRVM market crosses the bar of 165 points

22/07/2021
Categories: Index/Markets

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The Regional Stock Exchange (BRVM) distinguished itself on the regional market on Monday, July 19, 2021 by an increase never recorded for 2 years. A performance which is none other than the result of the work done by the Managing Director of the BRVM, Dr. Edoh Kossi Amenounve.

The regional stock market recorded its best daily performance over the last four months on Monday July 19, 2021. Indeed, represented by the BRVM Composite, the regional stock market rose by +2.24% to 165.14 points, a level that she had not reached for more than two years. This performance achieved while the global economy in general and Africa in particular is still bending under the yoke of the Covid-19 pandemic augurs a bright future for the African bond market and in this case the BRVM. This beautiful surge in the main market index is justified on the one hand by the strong enthusiasm of investors for the market with regard to the balance of variations, which has 24 stocks up against 9 down. And on the other hand by the progression of +4.48% to 14,000 FCFA for SONATEL, the juggernaut of the market which represents more than 28% of the market capitalization.

In total, 169.8 million FCFA were traded during this trading session. Note that five shares, namely SERVAIR ABIDJAN (+7.48% to 1,150 FCFA), SICOR (+7.48% to 3,450 FCFA), SAFCA (+7.46% to 720 FCFA), NESTLE CI (+ 7.44% to 3,585 FCFA) and ONATEL BF (+7.17% to 3,585 FCFA), closed at +7%.

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