Commentary on variations: The BRVM share market is at its last trading session of the week, which closes in the red. This decline of 0.25% to 218.60 points is partly due to the fall in the prices of securities in the financial sector, in particular NSIA Banque CI and Ecobank CI.
The public services sector, holding the largest values on the market, still performed well overall. Sonatel SN remains stable (0.00%) with an unchanged price at 19,000 CFA francs while Orange CI increases to 10,850 FCFA after a slight increase of 0.05%.
The FLOP 3 recorded on the market, with relatively significant variations, is made up of Filtisac CI (-7.25%) which saw its price plummet to 1,855 F CFA with the poor cocoa harvests in addition to the difficulties in the rubber sector. Tractafric Motors CI, after the publication of its financial results of which we note a significant increase in its expenses, pays the price by seeing its price fall by -6.67% to stand at 2,100 CFA francs. NSIA Banque CI claims a poor performance of 3.33%, bringing its trading price to now 5,800 CFA francs.
Furthermore, the securities that were traded a lot on this trading day are as follows: BOA ci (0.00%) with more than 111 million CFA francs, followed by SGBCI (-0.56%) which was traded on the market at more than 39 million CFA francs.
As for the 3 best performances of the day, we have in the lead, Servair Abidjan CI (+6.64%), followed by Sicable (+4.16%) and AGL ex Bollore (+3.75%) which closes the walk.
Regarding the information communicated in the BOC:
TPCI 5.99% 2015-2025:: The Regional Securities Exchange (BRVM) informs the public and market participants that the General Directorate of Financing of Côte d’Ivoire will proceed, on May 14, 2024, to the payment annual interest and partial repayment of the capital of the loan.
Postponement of the Ordinary and Extra Ordinary General Meeting of SGBCI:: The Board of Directors of Société Générale Côte d’Ivoire informs all shareholders of Société Générale Côte d’Ivoire of the postponement of the Ordinary and Extraordinary General Meeting initially scheduled for Tuesday April 23, 2024 to Tuesday May 28, 2024 at 9 a.m., at Espace Latrille Events, located in Abidjan Commune of Cocody, at Deux-Plateaux Boulevard Latrille. In its continued desire to improve the organization of general meetings and facilitate the participation and voting of shareholders, Société Générale Côte d’Ivoire has launched a project to digitalize the key processes of its general meetings, with a view to aligning with best existing standards on the market.
Publication of financial statements as of 12/31/2023 of Onatel BF SA: The company Onatel SA has published its financial statements as of December 31, 2023. We therefore note a drop in turnover amounting to 139 billion in 2023 compared to 145 billion in 2022. The net result, for its part, increases from 22 billion FCFA in 2022 to 21 billion FCFA in 2023. This drop, according to the company, is due to the increase in operating expenses for support its development.
Vocabulary Point: a coupon
A coupon is an integral part of a bond or debt instrument. It represents the amount of periodic interest that the issuer of the bond agrees to pay to its holder during the life of the bond. In other words, it is the regular payment you receive as the holder of a bond in return for the loan you made to the issuer. It is based on a percentage of the face amount of the bond, is paid at regular intervals and is one of the key elements of a bond’s return.
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