The regional financial market is back on the upswing path after last week's sharp downturn. Indeed, the BRVM Composite closed the 47th week of the current financial year on a positive score of +0.75% to 128.82 points.

Buyers won this week at the BRVM on a score of 4 daily rises against a fall. Overall, the week was a good one for investors in the light of the sectoral indices, which for the most part closed in the green. This week, we saw again record trading for SICABLE and UNIWAX. The total volume traded during the past week amounts to $ 3.9 million.

Winners of the week

In terms of individual performances, the best one last week was achieved by UNIWAX CI (+20.42% at $ 2.08). The long-running stock edging lower had a massive jump this week, confirming its return to investor scrutiny. Second biggest weekly increase last week, the stock increased overall by 29.21% on the last two weeks of quotation.

In second place of this ranking is SERVAIR ABIDJAN which recorded a weekly performance of +18.34% to $ 1.81 after a week of almost perfect quotation, having closed four times up. Indeed, the announcement of a 90% effective vaccine against Covid-19 has given investors renewed confidence to position themselves on the stock. A risky choice but one that is paying for the moment, the stock has thus recorded a 28% growth in value since this news.

In the TOP 5, are also included TOTAL SN (+17.65% to $ 2.71), CIE CI (+14.94% to $ 2.50) and AIR LIQUIDE CI (+11.43% to $ 0.53).

Losers of the week

Regarding the week's flop, SOGB CI (-12.63% to $ 3.94) went from the best performance a week before to the worst one last week. The haircut suffered by the stock is justified by the massive gain. Indeed, after the bull rally induced by the release of the company's third-quarter results, investors this week decided that it was time to exit their positions in order to cash in on the accumulated gains. It should be noted that this decision was influenced by technical indicators such as the RSI, the Bollinger bands and the 20- and 50-day moving averages that had reached their critical areas.

Following SOGB CI, we have ORAGROUP TG which contracted by 9.64% to $ 6.35. Nearly a month after announcing a 44% net profit in the third quarter of 2020, investors are punishing the stock. Indeed, having achieved its most significant weekly change over the last 12 months, the stock reached its lowest ever. The weekly volume of transactions recorded by ORAGROUP TG is 16,533 securities.

The other stocks in the FLOP 5 are SAPH CI (-5.04% to $ 2.385), NEI CEDA CI (-3.70% to $ 0.24) and ONATEL BF (-2.83% to $ 4.97).

KOUAKOU Christopher

Publié le 23/11/20 11:30

La Rédaction