Commentary on variations: For its third trading session of the week, the BRVM stock market closed in the red. This decline of 0.70% to 217.41 points is the result of the poor performance of one of the largest stocks on the market, namely Sonatel SN.
Indeed, Sonatel SN, after several days of stagnation, saw its price drop by 2.37% and is now trading at 18,550 F CFA while Orange CI for its part is stabilizing (0.00%) for a price of purchase of 10,855 FCFA.
Thus, the FLOP 3 recorded on the market is composed of Nestlé CI (-4.50%) which sees its price drop to 6,580 F CFA, Vivo Energy CI falling by 3.90% to stand at 740 F CFA and Bernabe CI displays a counter-performance of 3.85% bringing its trading price to now 1,250 CFA francs.
Furthermore, the securities that were traded a lot on this trading day are as follows: SGBCI (1.13%) with more than 126 million CFA francs, followed by Onatel BF (0.44%) which was traded on the market for more than 122 million CFA francs.
As for the 3 best performances of the day, we have in mind, Nei-Ceda (+7.19%) which keeps its first place due to its attractive dividend to distribute, followed by Filtisac (+3.63%) and Total SN (+1.88) which brings up the rear.
Regarding the information communicated in the BOC:
Transaction On File:: The Regional Stock Exchange (BRVM) informs the public and market participants that a transaction on file was carried out this Wednesday, April 24, 2024.
The said transaction involved 1,120 CIE shares at a unit price of 5 CFA francs, or a total value of 5,600 CFA francs.
Vocabulary Point: Management under mandate
Management under mandate is a contract written on paper or other durable medium, by which a client (the principal) authorizes a manager (the agent) to manage his securities portfolio made up of financial instruments (which are shares, bonds, Sukuk, stock indices etc.) depending on its investment objectives, including its risk tolerance.
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