2024-03-29 09:27:08
Commentary on variations : Overall the market continues its rise, closing in the green on this trading session. This increase of 0.36% to 215,92 points is partly due to the performance of Orange CI and NSIA Banque CI securities, confirming the strong upward trend observed during today’s session with 21 increases, 04 decreases.
The two largest values on the market show different variations. Sonatel stagnates once once more (0.00%) keeping its price at 17 900 F CFA while Orange CI is up 0.51% bringing its price to 10,845 FCFA.
However, the FLOP 3 recorded on the market is composed of Sicable (-1.75%) leading its price to 1 120 F CFASociété Générale CI (-1.14%) for a current price of 17 300 F CFA and SIB which has a counter performance of 0.09% bringing its trading price to now 1 650 F CFA.
Furthermore, the securities that were heavily traded on this trading day are as follows: Coris Bank International (+4.34%) with more than 100 millions de F CFA representing 30.64% of the overall value exchanged during this session, followed by Sonatel SN (0.00%) which was exchanged on the market at more than 74 millions de F CFA.
As for the 3 best performances of the day, top 3 of the day we have Tractafric Motors CI (+7.04%), followed by Setao CI (+6.67%) and Coris Bank International (+4.3%) following publication of its financial results and the distributable dividend.
Regarding the information communicated in the BOC:
PUBLIC HOLIDAY: The Central Depositary/Settlement Bank informs the custody account holders that the 01 avril 2024, Easter Monday, being a public holiday in Ivory Coast, there will be no Settlement/Delivery session on this day. Sessions will resume on Tuesday April 2, 2024.
NOTICE OF MEETING Orange CI: The shareholders of the company Orange Côte d’Ivoire are convened to the annual Ordinary General Meeting which will be held on Tuesday April 16, 2024 from 10 a.m. GMT, at the company’s headquarters, located in Abidjan, Cocody Riviera Golf, Boulevard de France, Orange Village Building.
INFORMATION RELATING TO THE PUBLICATION OF THE 2023 AUDITED FINANCIAL STATEMENTS OF THE ECOBANK GROUP: The Board of Directors and Management of Ecobank Transnational Incorporated (“ETI”) had decided to publish the audited consolidated financial statements of the Ecobank Group for the financial year ended December 31, 2023 no later than March 31, 2024. Therefollowing. , at its meeting on March 14, 2024, the Board of Directors of Ecobank Transnational Incorporated (“ETI”) approved the audited accounts subject to the completion of relevant standard procedures and regulatory approvals. Given the need to obtain regulatory approval relating to the audit of a significant subsidiary of the Group before the publication of the consolidated accounts, ETI expects to publish the consolidated accounts of the Group no later than April 30, 2024
PUBLICATION OF FINANCIAL STATEMENTS NSIA BANK CI: NSIA Banque CI published its financial statements on March 28, 2024. It appears that the Net Banking Income as of December 31, 2023 stands at 91.0 billion FCFA compared to 80.1 billion FCFA achieved in December 2022. , an increase of 14% (10.9 billion FCFA) due to the increase in the interest margin and the increase in commissions. The net result, for its part, at the end of the 2023 financial year, stands at 34.8 billion FCFA compared to 32.4 billion FCFA achieved in December 2022.
ECOBANK CI FINANCIAL STATEMENTS PUBLICATION: ECOBANK CI published its financial statements on March 28, 2024. We note that the Net Banking Income reached 110.2 billion FCFA, recording an increase of 11.1% compared to December 2022, mainly driven by the joint increase in net interest margin and non-interest income. The net result shows growth allowing it to reach a record level of profit at 48 billion FCFA, an increase of 7.8% compared to 2022.
The Board of Directors of Ecobank Côte d’Ivoire recommends, as a prelude to the next General Meeting, the payment of a gross dividend per share of 660 FCFA, an increase of 8.2% compared to the previous year. This level of distribution represents 75.6% of net income for 2023. The share yield represents 8.7%.
Vocabulary Point : Volatility
Volatility in finance measures the amplitude of variations in the price of a financial asset over a given period. High volatility indicates large fluctuations (variations), while low volatility suggests more stable movements. Investors often use volatility to assess the risk associated with an asset. It can be measured historically by looking at past data (financial statements from previous years). Increased volatility may result from factors such as economic announcements, political events or changes in the overall financial environment. For companies in the regional market, this data is available on the official BRVM website.
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