Explanation of variations : For this last session of the week, the BRVM stock market shows a decline, closing in the red on this trading session. changed so far -0.21% compared to yesterday 218,34 points coming from the poor performance recorded on some big stocks such as Onatel BF, SIB and BICICI but especially Saph CI and SOGC.
Shares of Sonatel SN and Orange CI remained stable again (0.00%) throughout the day, respectively keeping their prices at 19 000 FCFA etc 10,845 FCFA.
Therefore, the FLOP 3 recorded on the market consists of Saph CI (-5.17%) which will see its price drop to 2 355 F CFA after the financial results are published that allows us to see a significant drop in net income. BICI CI (-5.41%) is set at 7000 F CFA and SOGC which achieves a counter performance of 4.51% taking its trading price so far 3600 F CFA due to the poor performance seen in its rubber segment.
In addition, the most traded securities on this trading day are as follows: SIB (-1.38%) with more than 443 millions of F CFA after publishing its 2023 activity report, followed by AGL ex Bollore Transport (+3.13%) traded on the market at more than 43 million of F CFA.
Regarding the top 3 performers of the day, we are in the lead, Setao CI (+7.38%), followed by AGL ex Bollore Transport (+3.13%) and SGCI (+2.29%) which closes its ‘tour.
Regarding the information released in the BOC:
Publication of SETAO’s provisional annual results for fiscal year 2023: The Company for Labor Studies for West Africa has published its provisional annual results for the financial year 2023. The turnover drops significantly from 14.6 billion FCFA in 2022 to 9 .2 billion FCFA in 2023. , going from -70 million FCFA to -1.1 billion FCFA in 2023.
Regarding the information released in the BOC:
Publication of SETAO’s provisional annual results for fiscal year 2023: The Company for Labor Studies for West Africa has published its provisional annual results for the financial year 2023. The turnover drops significantly from 14.6 billion FCFA in 2022 to 9 .2 billion FCFA in 2023. , going from -70 million FCFA to -1.1 billion FCFA in 2023.
Vocabulary Point : The title account
A government bond is a type of loan that the government of a country issues to raise money. These loans are provided by issuing bonds on the financial market. Investors buy these bonds and lend money to the government in exchange for a regular interest (called a coupon) and repayment of the principal amount on a specified date in time to arrival (called maturity). Government bonds are generally considered low-risk investments because they are backed by the government’s ability to repay.
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