According to the stock market analysis report of the Abidjan-based pan-African rating agency Bloomfield Investment, the Regional Stock Exchange (Brvm) ended the week from 01 to 05 April with 169.89 points for the BRVM 10 index (-0.25%) and 174.70 points for the BRVM Composite index (+0.11%).

The market capitalization of the equity market stands at 4,915 billion CFA francs.

Transactions in equity market value amounted to 792 million CFA francs at the end of the week, mainly driven by the "Public Services" (54%) and "Finance" (27%) sectors.

Bank Of Africa SN posted the largest gain in the market with a gain of 13.94%, while CROWN SIEM CI posted the largest decline with a fall of 13.33%.

On the commodities market, cocoa prices continued to rise (+5.64% in New York and +4.52% in London), as did the price of crude oil (+5.10%).

On the stock market, at the end of the third quarter of 2018, FILTISAC achieved a turnover of 26,422 million FCFA, down 5% compared to the same period in 2017.

The company's current income before taxes also fell to CFAF 329 million, compared to CFAF 1,132 million recorded at the end of September 2017.

The company justifies this 71% decrease in this result by the decrease in sales, the increase in the cost of its raw materials, the constitution of exceptional provisions (409 million FCFA) as well as the contraction of the financial result.

At the end of the 2018 financial year, revenue should have benefited from the opening of the 2018/2019 coffee and cocoa seasons. However, the company may have recorded a 2018 annual net profit below the level reached in 2017.

On the stock market, after recording one of the largest market losses during 2018 (-56.95%), FILTISAC shares continue to depreciate.

Indeed, the share price rose from 2,120 FCFA at the beginning of 2019 to 1,215 FCFA at the close of the session of April 5, 2019, a decline of 42.69% in less than four months.

However, notes the chief economist of Bloomfield Investment, the weakness of the current share price could lead to a reversal of trend after the release of the company's 2018 annual results if the dividend per share announced does not deviate significantly from that distributed last year.