"The market thus recorded a second consecutive week of increase (+0.20% to 129.93 points). Compared to the low of August 3 (126.90 points), the composite index takes 2.39% while the Brvm 10 wins 4.69% over the same period, "reads the document consulted by the Journal of the Senegalese Economy (Lejecos).

According to the same source, the market experienced intense activity this week marked by a financial flow of XOF 3,045,065,991.00 for a volume traded of 1,253,582 securities. This renewed activity is to be credited to the Value ecobank CI (ECOC; +3.45% to 3,000 XOF) which records 56.94% of transactions. The volume decline observed the previous week indicated a consolidation phase that will be confirmed by the return of large volumes. Thus, from a technical point of view, the market seems to mark a breaking point by the probable break of the resistance at 130 points.

According to Impaxis, this evolution supported by large volumes would present a slowdown in the downward trend observed since the peak of 05/06/2020 at 138.83 points. However, the unfolding of political protests in Côte d'Ivoire is proving to be one of the factors of volatility to be integrated into expectations, as the market is therefore exposed to the socio-political orientation of the country in the run-up to the presidential election.

"In addition, the stock market week was marked on Tuesday, August 11 by the publication of the results of the first half of 2020 of the telecommunications company in Burkina Faso Onatel BF (Ontbf). This resulted in net earnings per share of XOF 215, up 5.1% year-on-year.

The stock ended its run this Friday at 2,945 XOF, with a gain of 5.18% compared to its closing price of the previous week, and remains the only value of the utility sector to finish in the green, "informs the note of Impaxis. The Transport segment achieved the best weekly performance (+4.56%), mainly driven by the Bolloré C I value (SDSC; +4.56% to XOF 1,340).

The effective reopening of the borders and the announcement of the partnership for the logistical support of the transport of the production of the mango sector of Côte d'Ivoire, Mali and Burkina Faso for export have supported the valorization of the title. At the end of this second week of August, the market capitalization stood at 3,904,008,999,036 XOF against 3,896,102,382,871 XOF on the evening of last Friday, an increase of 0.20%.