Session of April 2: Ivorian companies attract

2024-04-03 09:30:46

Commentary on variations : Overall the market rebounded, closing in the green during this trading session. This increase of 0.09% to 215,80 points is partly due to the positive variations observed on the SGBCI, Coris Bank International and Total CI securities.

The two largest values on the market, namely Sonatel SN and Orange CI, are stagnating once again (0.00%), keeping prices respectively at 17 900 F CFA et 10,845 FCFA.

However, the FLOP 3 recorded on the market is composed of Sicable (-6.58%) leading its price to 1 065 F CFABOA ML (-5.06%) for a current price of 1 595 F CFA and Saph CI which has a counter performance of 5.04% bringing its trading price to now 2 450 F CFA.

Furthermore, the securities that were heavily traded on this trading day are as follows: Sonatel SN (+0.00%) with more than 693 millions de F CFA followed by Total CI (+4.94%) which was traded on the market at more than 60 millions de F CFA.

As for the 3 best performances of the day top 3 of the day we have Safca CI (+7.39%), followed by SMB CI (+5.77%) and Total CI (+4.94%) which sees its price rise the day after the presidential elections in Senegal.

Regarding the information communicated in the BOC:

Temporary suspension of the SOLIBRA CI title: The Regional Securities Exchange (BRVM) informs the public and market participants that it is proceeding, this Tuesday, April 2, 2024, to the suspension of the listing of the SOLIBRA CI share for non-compliance with certain regulatory provisions in force. This suspension takes effect from this day and for a period of six (06) months, in order to allow the company to regularize its situation.

Public Treasury of Burkina Faso: With the aim of mobilizing resources to finance investments included in the 2023 budget, the State of Burkina Faso, through the General Directorate of the Treasury and Public Accounting, has issued two bond loans entitled « TPBF 6.30% 2023-2030 » et « TPBF 6.50% 2023-2033 ».

In order to allow the exchange of securities on the regional financial market, the Regional Securities Exchange (BRVM) brings to the attention of the public and market participants that the first listing of loans « TPBF 6.30% 2023-2030 » et « TPBF 6.50% 2023-2033 » admitted to the BRVM bond compartment, will take place on Tuesday April 16, 2024.

New composition of the BRVM 30 index: The Regional Stock Exchange (BRVM) informs the public and market participants that following the quarterly revision of the stock indices, it has modified the BRVM 30 index. After analysis of the composition of the BRVM 30 index, we note the exit of the companies Nestle CI, SMB CI and Crown Siem while BOA Mali, Vivo CI and Nei-Ceda CI enter.

Vocabulary Point : The speculation

Speculation in finance refers to the act of purchasing financial assets, such as stocks or commodities, with the aim of making a quick capital profit, rather than investing for the long term based on economic fundamentals. . Speculators often take higher risks in hopes of taking advantage of short-term price fluctuations (variations) in the market. It is an approach that emphasizes price movements rather than the intrinsic value of assets. Speculation can be lucrative, but it also carries significant risks due to the uncertainty inherent in financial markets. This is a strategy also used by some market players.