For the first time since the beginning of the year, the regional financial market has produced a positive weekly balance. Indeed, investors having regained confidence allowed the BRVM Composite to close the week up by 1.30% to 133.82 points.

After the 4th trading week of 2021, the BRVM managed to change its trajectory thanks to a balance of variations that has about three times more values going up than values going down, thus allowing to mitigate the impact of the decrease of SONATEL on the performance of the composite.

At the level of the sectoral indices, the best performances were recorded by BRVM Industry (+4.05% to 39.30 points) and BRVM Finance (+3.56% to 56.48 points). On the contrary, the biggest decrease is recorded by BRVM Transport (-3.54% to 325 points) and BRVM Public Services (-2.18% to 351.61 points) which are moreover the only sectors to have contracted. A total of $ 3.5 million have been exchanged this week.

The winners of the week

In terms of individual performances, NESTLE CI (+25.45% at $ 1.3) closes for the third consecutive time at the top of the ranking of best weekly performances. The value thus puts an end to the month of January when it grew by 115.63%, its biggest monthly increase recorded over the last 8 years. Although the RSI of the stock has been dipping for a while in its overbuying zone, investors have maintained the intensity of the purchases in view of the MACD which is moving further and further away from its signal and the weekly volumes in strong progression.

Following NESTLE CI, NEI CEDA rose from 19.44% to $ 0.4. The value has been in an uptrend since last week and all indicators are boiling. The stock is now trading above all its moving averages and some investors seem to be anticipating good results from the company in future releases.

In the TOP 5, BICI CI (+15.41% to $ 10.5), SITAB CI (+14.63% to $ 1.3) and CROWN SIEM CI (+13.95% to $ 0.45) were also inserted.

The losers of the week

In the ranking of the week's most important discounts, we can see at the top of the list SICABLE CI which contracted from 4.58% to $ 2.1. The fall in the stock price over the past week is justified by the attitude of speculators who have been quick to cash in on the gains realized by the stock against its RSI which had penetrated its overheating zone. Note that the stock evolves in a long-term uptrend in line with the bright prospects of the company's business. The value of this stock increased by 60.32% in 2020, its largest annual increase over the last 6 years.

We find on the second position of this rank, SONATEL (-4.35% to 11,000 FCFA) which is the largest market capitalization of BRVM. The stock has been in a downward trend since the beginning of the year due to the collection of capital gains made in December by investors. Note that the stock has lost 18.52% of its value on this month (January 2021), its biggest monthly decrease over the last 13 years, and thus ranks in the flop 5 of this month.

The other values of FLOP 5 are BOLLORE CI (-3.64% at $ 2.45), SOGB CI (-2.83% at $ 4.4) and BERNABE CI (-1.55% at $ 1.2).

Kouakou Christopher

Publié le 01/02/21 17:25

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