"The market has failed to maintain this week the trajectory started at the beginning of the month after the rise of 0.20% of the past week. This situation puts a brake on the series of increases over the last three weeks.

The market ended lower with the composite index which posted a loss of 1.07% to 128.54 points and the BRVM 10 which lost 0.82% to 121.69 points although it is moving significantly around a horizontal line above the trough of August 10 (121.06 points)", informs Impaxis.

It reveals that the market capitalization of the shares stands at 3,862,024,339,231 XOF. The week's report shows 843,320 securities traded for a total value of XOF 570,334,879.00, mainly driven by the Utilities and Finance sectors, which recorded 56% and 21% of transactions respectively.

The Brvm-Industry (+0.50% to 32.29 points) and BRVM-Agriculture (+1.81% to 59.09 points) indices achieved the only positive performances. The Brvm-Transport and Brvm-Distribution indices recorded the worst performances of the week, losing 10.17% and 4.53% respectively.

The depreciation of almost all the values of these sectors would be mainly influenced by the decision of the ECOWAS Heads of State to suspend all trade, financial and diplomatic relations with Mali following the overthrow of the current regime.

Indeed, according to the 2018 data of the intra-community trade structure published by the Bceao, Mali would represent the first intra-community importer with 35.6% of supplies while Côte d'Ivoire and Senegal are the main suppliers with respectively 11.8% and 16.3% share. This decision would therefore not be without consequences on the value chain of these companies.