2024-11-20 08:43:00
Commentary on variations
The Indices Progress this Tuesday, November 19 |
Consumer Goods in the Lead, Industry Under Pressure
The stock market session of Tuesday, November 19, 2024 on the Regional Stock Exchange (BRVM) recorded general progress, with the BRVM Composite up 0.51% to 274.93 points, and moderate increases in the BRVM 30 (+ 0.45%) and BRVM Prestige (+0.28%), signaling positive dynamics.
The trading volume reached 1,548,924 securities for a total of 13.45 billion FCFA, reflecting notable activity, dominated by NESTLE CI with transactions of 302.5 million FCFA.
Top performers include VIVO ENERGY CI (+7.06%), SERVAIR ABIDJAN CI (+6.46%) and SOLIBRA CI (+5.71%), while SETAO CI (-7.44%) and SAFCA CI (-4.11%) are among the largest declines.
Sectors linked to consumer goods are in better shape, unlike certain industrial sectors, which are encountering difficulties, reflecting a certain concentration of liquidity in flagship securities.
Regarding the information communicated in the BOC:
Actions
IVOIRIAN BANK COMPANY FROM (UPDATE OF) (SIBC) :
Capital increase by incorporation of reserves and premiums
Closing of registers on November 19, 2024
BANK OF AFRICA BN : Admission to listing of new shares November 19, 2024
BANK OF AFRICA OF : Admission to listing of new shares on November 20, 2024
VIVO ENERGY CI:
Activity report for the third 2024
Obligations
State of Mali (EOM):
EOM 6,20 % 2022-2029 : Annual interest payment
EOM 6,30 % 2022-2032 : Annual interest payment
Public Treasury of Côte d’Iovire (TPCI):
TPCI 5,65 % 2022-2029 : Payment of annual interest and partial repayment of capital
Vocabulary Point : The quotation
The quoting refers to the value of an asset, share or security at a given time, generally in a financial market. It is a fundamental concept for investors, because it allows you to know the price at which a security is traded at a specific moment.
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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What recent trends has Elodie Traoré identified in the consumer goods sector that are influencing the BRVM stock exchange?
**Interview with Elodie Traoré, Financial Analyst at L’Economiste du Faso**
*Date: November 20, 2024*
**Editor**: Good morning, Elodie! Thank you for joining us today to discuss the recent trends in the BRVM stock exchange. The markets seem to have shown some positive movement recently. Can you give us an overview of what happened on November 19?
**Elodie Traoré**: Good morning! Yes, absolutely. On November 19, 2024, the BRVM Composite Index saw a notable increase of 0.51%, reaching 274.93 points. This uptick reflects a broader positive trend across the market, with both the BRVM 30 and BRVM Prestige indices also reporting increases.
**Editor**: That’s interesting! What do you think is driving this positive momentum?
**Elodie Traoré**: The consumer goods sector is really leading the charge. Companies like VIVO ENERGY CI and SERVAIR ABIDJAN CI have shown significant gains, with increases of 7.06% and 6.46% respectively. This indicates that consumer confidence is starting to bounce back, which is a good sign for the economy. However, there are concerns in some industrial sectors, which are currently under pressure.
**Editor**: I noticed that trading volume was quite substantial as well. What does that tell us?
**Elodie Traoré**: Yes, the trading volume was impressive at about 1.55 million securities, totaling 13.45 billion FCFA. This heightened activity suggests that investors are actively seeking opportunities, particularly in stronger consumer goods stocks. Nestlé CI, for example, was a major player with transactions amounting to 302.5 million FCFA.
**Editor**: There were some notable declines in other stocks too. What can you tell us about those?
**Elodie Traoré**: Right, while we see the consumer sector thriving, companies like SETAO CI and SAFCA CI faced significant declines. This disparity highlights the current market dynamics, where liquidity is concentrated in more stable, high-profile securities. It’s essential for investors to conduct thorough analyses to navigate these shifts effectively.
**Editor**: Very insightful, Elodie. To wrap up, what should investors be keeping an eye on moving forward?
**Elodie Traoré**: Investors should closely monitor the performance of consumer goods stocks as they currently signify a safe haven amid the fluctuations in industry sectors. Additionally, keeping an eye on macroeconomic indicators and upcoming company earnings reports will be crucial for making informed decisions in the coming weeks.
**Editor**: Thank you for sharing your expertise with us today, Elodie! It sounds like an exciting time for the BRVM.
**Elodie Traoré**: Thank you for having me! It certainly is, and I’m looking forward to seeing how these trends develop.
