2024-07-17 09:20:03
Comments on the changes : A reassuring recovery on Monday 15th
The beginning of the week marks the return to growth and shows an upward trend since the close of last Monday, but it is still affected by SNTS and SOGC securities. In fact, the market closed higher today, with the BRVM Composite Index at 232.59 points, up 0.40%. As for the other two flagship indices, the same trend was seen today, with the BRVM 30 up 0.40% to 115.72 points and the BRVM Prestige down 0.25% to 109.64 points.
Among the stocks showing an upward trend, the market recorded BERNABE CI up 5.32% to 990 FCFA, followed by SMB CI (SMBC), which rose 2.48% during the session and closed at 2,020 FCFA, up 1.25%.
Conversely, PALM CI (PALC) (-6.15% to 5,800 FCFA), TOTALENERGIES MARKETING SN (TTLS) (-4.55% to 2,100 FCFA) and SERVAIR ABIDJAN CI (ABJC) (-2.24% to 2,180 FCFA) posted the biggest declines on the day.
It should also be noted that two stocks in particular attracted investors’ attention: the Ivorian company PALM CI (PALC), which traded at over 34,826,175 FCFA, followed closely by the Ivorian Telephone Company SITAB CI (SITAC), which traded just under 32,883,130 FCFA.
About the information conveyed by BOC:
operate
SIB CI Dividend Payment: The dividend payment for the 2023 financial year has been confirmed at 495 CFA francs per share and will be paid on July 29, 2024.
SITAB CI pays dividends: The dividend payment for the 2023 financial year has been confirmed at 675 CFA francs per share and will be paid on July 29, 2024.
Nestle CI Dividend Payment: The dividend payment for the 2023 financial year has been confirmed at 675 CFA francs per share and will be paid on August 20, 2024.
Dividend payments from CIE CI: The dividend payment for the 2023 financial year has been confirmed at 171 CFA francs per share and will be paid on July 30, 2024.
ONATEL BF pays dividend: The dividend payment for the 2023 fiscal year has been confirmed at 266.44625 CFA francs per share, payable on July 31, 2024.
PALM CI Dividend Payment: The dividend payment for the 2023 fiscal year has been determined at 563.306 CFA francs per share, payable on July 26, 2024.
obligation
CI State Public Exchange Offer : The Regional Stock Exchange (BRVM) informs the public and market participants that the State of Côte d’Ivoire, through the Directorate General of Finance, is considering a public exchange offer for securities related to the issuance of 18 listed bonds.
Through this operation, the issuer intends to subscribe to new bonds with a term of 5 and 7 years from the above-mentioned bondholders in the form of an amount due in 2024, with interest rates of 5.90% and 6% respectively.
Since the operation period is from July 12 to 17, 2024, the above-mentioned securities will be suspended from trading on July 10, 2024. Based on the subscription results, the replaced securities will be delisted. The listing of the remaining securities can only be resumed following the end of the offer.
Vocabulary Points : Bond Market
The bond market is the part of the financial markets where debt securities issued by governments, corporations, and other entities are traded. Unlike stocks, which represent a share of ownership in a company, bonds are loans made by investors to the bond issuer. Bonds typically pay periodic interest (called coupons) and repay the principal at maturity.
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