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.