Commentary on variations : Overall the market weakened, closing in the red during this trading session. This drop of 0.15% to 215,60 points is partly due to the negative variations observed on SGBCI and Ecobank CI securities.
The two largest stocks on the market, namely Sonatel SN and Orange CI, are stagnating (0.00%) keeping their prices respectively at 17 900 F CFA et 10,845 FCFA.
However, the FLOP 3 recorded on the market is composed of Total CI (-7.43%) leading its price to 1 620 F CFASafca CI (-4.17%) for a current price of 1 150 F CFA and SGBCI which has a counter performance of 1.73% bringing its trading price to now 1 7000 F CFA.
Furthermore, the securities that were heavily traded on this trading day are as follows: Sonatel SN (+0.00%) with more than 45 millions de F CFA followed by Coris Bank International (-1.58%) which was traded on the market at more than 32 millions de F CFA.
As for the 3 best performances of the day, top 3 of the day we have Oragroup (+2.74%), followed by Vivo Energy CI (+2.58%) and Total SN (+2.51%) which brings up the rear.
Regarding the information communicated in the BOC:
Transaction on file: The Regional Securities Exchange (BRVM) informs the public and market participants that a transaction on file was carried out this Friday, March 29, 2024. The said transaction involved a total of 280 CIE CI shares at the unit price of 5 FCFA, for a total value of 1,400 FCFA.
Vocabulary Point : An IPO
Initial public offering (IPO) is the process by which a newly created or already existing company decides to make its shares available to the public for the first time. This is done through an issue of shares on the stock market which will allow the company to mobilize the resources it needs for its growth, and for individual and institutional investors to buy these shares which will allow in the future to benefit from dividends but also from a capital gain on the share price if the company manages to perform. In other words, it is the moment when a company begins to be listed on the stock exchange, thus offering the possibility to the general public to buy shares in this company and therefore become a shareholder.
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