In weekly variation, the market recorded four sectoral increases. On the other hand, the contraction of the transport (-7.22%), Utilities (-1.70%) and Agriculture (-1.69%) indices moderated the market rally that ended the week with a slight gain of 0.01% to 126.34.

The flagship index fell by 0.89%. Impaxis notes that the cumulative trading value for the week came out at XOF 1,215,473,640.00 for a volume of 662,730 securities traded. The equity market capitalization was XOF 3,795,982,696,896.

In addition, this Friday, September 25 was published the monetary policy report in the Umoa for the second quarter of 2020.

Examining the internal economic situation, the Monetary Policy Committee noted that economic activity in the WAEMU was also affected by the effects of the spread of the pandemic from March 2020 in all member States.

GDP fell by 2.0% in the second quarter of 2020 compared to the same period of the previous year after a rise of 3.2% a quarter earlier.

The decline in economic activity in the Union was mainly driven by the tertiary and secondary sectors, whose value added fell by 3.4% and 3.6% respectively in the second quarter of 2020.

On the other hand, the value added of the primary sector increased by 3.1%, due to the good performance of agricultural production.

The inflation rate in the WAEMU, compared to the same quarter of the previous year, came out at 1.7% in the second quarter of 2020, after 1.2% a quarter earlier.

According to the latest projections, the GDP of Umoa is expected to increase by 2.1% in the third quarter of 2020 the inflation rate is expected on average at 1.8% in 2020.

"In total, for the whole of 2020, the Union would record economic growth of 1.3% and sectoral contributions would amount to 0.9 points for the tertiary sector, 0.1 points for the secondary sector and 0.3 points for the primary sector.

On the basis of these analyses, the Monetary Policy Committee decided to keep unchanged its key rates, which had been revised down by 50 bps on 24 June 2020," Impaxis recalls.