Market Commentary: A Slight ‌Drop ⁢in the Market

Market Performance

The ‍market is showing a slight pullback after previously seen gains. The BRVM⁤ Composite index finished at ​259.07 points, recording a decrease of 0.18%. The other two main indices follow this downward trend: the BRVM 30 stands at⁣ 129.92 points, down 0.18%, ‌while the⁤ Prestige BRVM falls slightly to 114.36 points, a decrease of 0.22%.

Top Performing Stocks

Among the‌ best performing stocks⁣ of the ⁤session, ‍SAFCA CI (SAFC) recorded a notable increase of 7.27% to 885 FCFA, followed by SICABLE ⁣CI (CABC) with an increase of 6.15% to 1,035 FCFA, and SUCRIVOIRE (SCRC) which increased by 5.94% to 535 FCFA.

Biggest Drops of the Day

On the other hand, the biggest drops⁢ of the ‌day were seen in SERVAIR⁣ ABIDJAN CI (ABJC), ⁤which fell 7.37% to 2,450 FCFA, ECOBANK TRANS. INCORP. IT (ETIT) down 5.88% to 16 FCFA, and SAPH CI (SPHC) which fell 5.74% to 3,200 FCFA.

Transaction Numbers

In terms of transaction numbers, BANK AFRICAN SENEGAL (BOAS) stands out ⁢with an amount of ⁤111,007,210 FCFA, followed by SONATEL SN (SNTS) with 94,743,095 FCFA, and CORIS BANK INTERNATIONAL (CBIBF) at 39,322,01.

BOC Information

Actions

SOLIBRA DOG: Lifting ‌of trading suspension, Payment of dividends for⁣ the 2023 financial year

VIVO‍ ENERGY (SHELL) CI: The payment ‌of‌ dividends for the financial year 2023 has been confirmed with an amount of 57 CFA per share, ⁢to be paid on September 27, 2024.

DOG SOD: The payment of ⁤dividends for the financial year 2023 has been confirmed with an ​amount of 481.5 CFA per ⁤share, to be paid on September 25, 2024.

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

TOTAL: The payment of dividends for the financial year 2023 has been confirmed with an amount of ⁤199.53 CFA per ‍share, to be⁣ paid​ on‌ September 17, 2024. ⁤Final financial statements⁣ – financial year 2023

TRACTAFRIC DOG: The payment of dividends for the financial year 2023 has been confirmed⁣ with an amount of 182.7 CFA‌ per share, to be paid ‌on September 24, 2024.

BOAB: Capital increase through incorporation of premium funds, Quotation before allocation right 03/09/2024 – Allocation right: 3890 FCFA

BOAN: Capital increase‌ through incorporation of premium‍ funds, Quote before allocation right 04/09/2024‌ – Allocation right: ⁤1960 FCFA

Obligations

State of Mali: EOM 3,00 % 2024-2031: First listing result

Burkina Faso Public Treasury: TPBF 6,50 % 2019-2027: Half yearly interest payment and partial repayment of capital

Vocabulary Point: Liquidity

Liquidity is ‍an essential concept in the​ world of finance that refers to how easily an‌ asset can be bought or sold in the market without affecting its price. ⁣Liquid assets are⁤ those that can be quickly converted to cash or exchanged without a large ‌change in price, while less liquid assets require‌ more time to sell and can result in larger price‍ changes.