Explanation of variations : Wake up call for the market this Monday 30 | SLBC holds despite split
The market recorded a decline at the beginning of the week. The BRVM Composite index ended at 263.70 points, indicating a decline of 0.60%. Likewise, the BRVM fell 30 to 131.78 points, a decrease of 0.89%, and BRVM Prestige fell 1.04% to reach 111.51 points.
Among the best performing stocks, SOLIBRA CI (SLBC) registered an increase of 7.44% to 10,975 FCFA, followed by FILTISAC CI (FTSC) with an increase of 7.06% to 1,440 FCFA, and BERNABE CI (BNBC) , which increased by 6.97% to 1,075 FCFA. BANK OF AFRICA CI (BOAC) and ORAGROUP TOGO (ORGT) also posted respective gains of 6.08% and 5.31%.
On the other hand, the stocks that suffered the biggest reduction included TRACTAFRIC MOTORS CI (PRSC), which fell by 7.13% to 2,150 FCFA, followed by ECOBANK TRANS. INCORP. TG (ETIT) with a fall of 5.88% to 16 FCFA, and SICOR CI (SICC), down 5.83% to 2,825 FCFA. SONATEL SN (SNTS) and TOTALENERGIES MARKETINF CI (TTLC) also declined by 3.31% and 2.55%, respectively.
In terms of transactions, BANK OF AFRICA CI (BOAC) stood out with a volume of 66,945,990 FCFA, followed by NESTLE CI (NTLC) with 48,559,190 FCFA and SONATEL SN (SNTS) with 39,360,340 FCFA.
Regarding the information released in the BOC:
Actions
ORAGROUP TG :
Notice of meeting – General Meeting (available!)
Activity report – 1st half of 2024 (available!)
SIBCI:
Activity report – 1st half of 2024
Certification of CACs on the activity report
SAPH CI:
Financial level
SOLIBRA CI: Dividends at the rate of ten (10) new shares for one (1) old share on 30/09/2024
SMB CI: The payment of shares for the financial year 2023 has been confirmed with an amount of 1080 CFA per share, payable on September 30, 2024.
ABIDJAN CI SERVER: The payment of shares for the financial year 2023 was confirmed with an amount of 206.195 CFA per share, to be paid on September 30, 2024.
CI FILTICS: The payment of shares for the financial year 2023 has been confirmed with an amount of 143.10 CFA per share, payable on September 30, 2024.
Responsibilities
Ivory Coast Public Finance Department :
TPCI 5.90% 2024-2029 : First listing on October 3, 2024
TPCI 6.00% 2024-2031: First listing on October 3, 2024
Vocabulary Point : Splitting
A stock split, or division in English, is a financial transaction whereby a company divides each share of its shares into several shares with a smaller value. The goal of this operation is often to make the stock more accessible to investors by reducing its unit price, without affecting the overall value of the company.
CONFIRMATION
This document does not constitute an offer of contract, solicitation, advice or recommendation by SA2IF, with a view to the purchase or sale of the product/s described therein. The information in this document is provided for informational purposes only and has no contractual value. They are subject to change at any time and without notice. In addition, for further information or ideas such as investment advice, you are requested to contact SA2IF at the contacts mentioned in this document.
