Stock market: Suspension of SOLIBRA CI for non-compliance with certain regulatory provisions in force, Tuesday

2024-04-17 07:49:27

Commentary on variations : Overall the market is falling, closing in the red during this trading session. This drop of 0.51% to 218,03 points is supported by the poor performance of Orange CI and Sitab.

Sonatel SN once again remains stable (0.00%) with a price still at 19 000 F CFA while Orange CI shows a drop of 1.36% during this day leading to and 10,850 FCFA.

However, the FLOP 3 recorded on the market is composed of Sitab (-7.50%) which sees its price drop to 6 290 F CFA, then Saph CI (-7.34%) saw its price fall to 2 020 F CFA after its historic poor performance and Sucrivoire which claims a poor performance of 4.35% bringing its trading price to now 440 F CFA .

Furthermore, the securities that were heavily traded on this trading day are as follows: Onatel BF (-0.86%) with more than 34 millions de F CFAfollowed by BOA CI (-0.07%) which was traded on the market at more than 29 millions de F CFA.

As for the 3 best performances of the day, we have in the lead, Nei-Ceda (+2.33%), followed by Vivo Energy CI (+1.96%) and BOA BN (+1.43%) which closes walking.

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.

TPBF 6.30% 2023-2030″ et « TPBF 6.50% 2023-2033: The Regional Stock Exchange (BRVM) informs the public and market participants that the first listing of bond issues« TPBF 6.30% 2023-2030 » et « TPBF 6.50% 2023-2033 »took place this Tuesday April 16, 2024.

70 titres « TPBF 6.30% 2023-2030 » and 20 titles « TPBF 6.50% 2023-2033 » were exchanged, for a total value of 900,000 FCFA. The securities were therefore admitted to the BRVM bond compartment, for a total market capitalization of 110.38 billion FCFA.

Vocabulary Point : An undervalued stock

An undervalued stock, as opposed to an overpriced stock, refers to a situation where the current price of a stock is considered to be lower than its fundamental value which is obtained by analyzing the company’s reports and financial statements . This means that investors believe that the market does not fully recognize the true value of the company, whether in terms of financial performance, growth prospects, or otherwise. Investors who identify an undervalued stock may see a buying opportunity, anticipating a potential increase in price as the market recognizes the company’s true value.