Stock market: The market wakes up gloomy this Monday 30

2024-10-03 10:13:48

Commentary on variations : A gloomy wake-up call for the market this Monday 30 | SLBC maintains despite split

The market recorded a decline at the start of the week. The BRVM Composite index finished at 263.70 points, marking a decline of 0.60%. Likewise, the BRVM 30 fell to 131.78 points, a decrease of 0.89%, while the BRVM Prestige fell by 1.04% to reach 111.51 points.

Among the best performing stocks, SOLIBRA CI (SLBC) recorded an increase of 7.44% to 10,975 FCFA, followed by FILTISAC CI (FTSC) with an increase of 7.06% to 1,440 FCFA, and BERNABE CI ( BNBC), which increased by 6.97% to 1,075 FCFA. BANK OF AFRICA CI (BOAC) and ORAGROUP TOGO (ORGT) also posted respective gains of 6.08% and 5.31%.

On the other hand, the stocks that suffered the biggest declines included TRACTAFRIC MOTORS CI (PRSC), which fell 7.13% to 2,150 FCFA, followed by ECOBANK TRANS. INCORP. TG (ETIT) with a drop of 5.88% to 16 FCFA, and SICOR CI (SICC), down 5.83% to 2,825 FCFA. SONATEL SN (SNTS) and TOTALENERGIES MARKETINF CI (TTLC) also experienced declines of 3.31% and 2.55%, respectively.

In terms of transactions, BANK OF AFRICA CI (BOAC) stood out with a volume of 66,945,990 FCFA, followed by NESTLE CI (NTLC) with 48,559,190 FCFA and SONATEL SN (SNTS) with 39,360,340 FCFA.

Regarding the information communicated in the BOC:

Actions

ORAGROUP TG :

Notice of meeting – Combined General Meeting (available!)

Activity report – 1st half of 2024 (available!)

SIBCI:

Activity report – 1st half of 2024

Certification of CACs on the activity report

SAPH CI:

Financial Rating

SOLIBRA CI: Splitting of shares at the rate of ten (10) new shares for one (1) old share on 09/30/2024

SMB CI : The payment of dividends for the 2023 financial year has been confirmed with an amount of 1080 CFA per share, to be paid on September 30, 2024.

SERVAIR ABIDJAN CI: The payment of dividends for the 2023 financial year has been confirmed with an amount of 206.195 CFA per share, to be paid on September 30, 2024.

FILTISAC CI : The payment of dividends for the 2023 financial year has been confirmed with an amount of 143.10 CFA per share, to be paid on September 30, 2024.

Obligations

Public Treasury of Ivory Coast :

TPCI 5,90 % 2024-2029 : First listing on October 3, 2024

TPCI 6,00 % 2024-2031 : First listing on October 3, 2024

Vocabulary Point : Splitting

The stock split, or split in English, is a financial transaction by which a company divides each of its shares into several shares of smaller value. The objective of this operation is often to make the stock more affordable for investors by lowering its unit price, without affecting the total value of the company.

DISCLAIMER

This document does not constitute a contract offer, solicitation, advice or recommendation on the part of SA2IF, with a view to the purchase or sale of the product(s) described therein. The information contained in this document is provided for purely informative purposes and has no contractual value. They are subject to change at any time and without notice. Furthermore, for more information or opinions as investment advice, you are requested to consult SA2IF at the contacts mentioned in this document.

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#Stock #market #market #wakes #gloomy #Monday

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