SN
CEMAC
The regional financial market for its last weekly quotation in 2020 jumped +3.22% to 145.35 points, its highest level in the last 9 months.
Despite being snuffed out by the 19-cap, the BRVM Composite managed to close the year 2020 at a relatively acceptable level. The market closed this year on a performance of -8.71%, a performance much like that of 2019 (-7.55%).
There was a relatively lively trading week with regard to the volume traded ($16 million). With 54% of the week's trade, ECOBANK CI (+7.01% at $7.3) was the main attraction of the week. The market has been quite successful for investors due to the chart of changes which has 23 securities up against 11 down.
Winners of the week
In terms of individual performance, the award for the best performance of the week is awarded to TOTAL SN. Having recorded a performance of 16.13% at the end of the previous trading week, the stock closed the year 2020 at its highest price over the last 24 months, i.e. $3.4. Favorite of the bull rally of December, TOTAL SN realized at the end of this month, a monthly jump of 28.57%. Thanks to this excellent monthly performance, the stock closes the year 2020 on a positive note (+5.88%).
In second place of the ranking of the best performances of the week we find NEI CEDA that has appreciated by 15.00% to $0.4. This good weekly performance recorded by NEI CEDA at the end of this week has enabled the stock to realize the best performance of December (+84% added value) and the best performance of the year 2020 with a performance of 64.29%.
In the TOP 5, CIE CI (+11.52% to $2.8), FILTISAC CI (+11.42% to $3) and ORAGROUP TG (+9.21% to $7.7) were also inserted.
Losers of the week
At the top of the ranking of the highest ratings of the session, we can see NESTLE CI (-8.57% to $0.6). The weekly haircut recorded by the stock is justified by the output of positions based on technical analysis. Indeed, the 20 and 50 day moving averages combined with the Bollinger bands and RSI indicated an imminent decline in the share value. Note that NESTLE CI, following this counter-performance, closed the year 2020 in the flop 5.
Second in this ranking is the VIVO ENERGY title with a performance of -7.69% at $1.1. After the jump recorded by the stock during the week of December 15 to 22, 2020, investors, according to certain indicators decided this week that it was time to cash in the gains. Note that the stock closed the year 2020 at the third position of the highest haircuts of the year.
Other values of FLOP 5 are AIR LIQUIDE CI (-7.50% to $0.3), SETAO CI (-6.67% to $0.5) and UNIWAX CI (-6.54% to $1.9).
KOUAKOU Christopher
Publié le 04/01/21 17:06
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