The regional stock market, having started 2021 in a painstaking way, is back on track, closing for the second time in a row on a positive weekly performance. Indeed, the BRVM Composite appreciated by 1.74% to 136.15 points at the end of its 5th week of quotation.

The performance achieved by the market marks the rise of buyers increasingly present in the exchanges. $8.4 million were traded during this week, the largest weekly volume since the beginning of the year.

In terms of individual performance, 21 values closed in the green while 15 ended in the red. The summary is even more excellent at sectoral level in the sense that all indices have closed upwards. The BRVM Others (+6.67% to 394.84 points) and the BRVM Agriculture (+5.12% to 103.71 points) were the most important indices.

Winners of the week

In the stock market, BOA Mali (+23.75% to $ 2.7) managed to take over, at the end of this quotation week, NESTLE (+7.25% to $ 1.4), which had closed at the top of the ranking of the best weekly performances in the last two weeks. The bull channel in which the stock has been moving for two weeks is justified by the bank's bright prospects in view of the increase of +185% of the result to $10.6 million in the 3rd quarter 2020; this is an excellent result. Note that the stock has gained a 32% in value since the beginning of the year.

Just like BOA Mali, SITAB CI, which increased by 23.40% to $0.9, also managed to overtake NESTLE CI and closed on the second step of the podium of the best performances of the week. Quite discreet, SITAB CI starts the year 2021 on a beautiful trend. Indeed, since the beginning of the year, the stock has increased by 64.15%, the second best performance on the year. Note that the value has recorded one of the largest weekly transaction volumes since the beginning of the year.

In the TOP 5, SAPH CI (+15.05% to $3.2), BICI CI (+14.06% to $11.8) and CFAO CI (+9.20% to $0.9) were also inserted.

Losers of the week

In the ranking of the week's steep decreases, we find at the top, VIVO ENERGY CI that has contracted 6.98% to $1.1. Note that the investors positioned on the stock have shown maturity in that they have little sanctioned the share when we know that the net result of the company has contracted from 51% to $2.9 million in the 3rd quarter.

The second biggest fall of the week was recorded by SAFCA CI (-6.25% to $0.6). The main reason for this decline is the exit of an investor. Note that the total volume traded on the SAFCA CI is only 35 traded securities, which highlights the illiquid character of the stock.

The others stocks of FLOP 5 are SERVAIR ABIDJAN (-6.10% to $1.8), TOTAL SN (-5.93% to $2.3) and UNIWAX CI (-4.76% to $1.8).

KOUAKOU Christopher

Publié le 08/02/21 18:18

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