The Brvm composite index closed slightly higher by 0.11% to 128.61 points while the index composing the ten most active stocks on the market, the Brvm-10 finished in the red, falling by 0.84% to 118.72 points.

According to Impaxis Securities, the last week (27 to 30) of trading in July saw increased activity in some stocks compared to the previous weeks, resulting in a trading value of around 1,935,612,409.00 XOF for a volume of 369,740 trading securities acute;.

Thus, according to the weekly review of Impaxis Securities, the Sonatel S A (SNTS; -1.56% to 12,000 XOF) accounts for 83.03% of securities trades in 134,375 traded securities, making it the most active stock in volume and value. However, “this intensity did not benefit the Public Services sector, which ended its weekly run by dropping 1.31%.”

“In the wake of the publication of macroeconomic data, this Thursday, July 30, 2020, hydrocarbon prices in Côte d'Ivoire were published for the period from 1 to 31 August 2020,” informs the note. Adding that the result was an increase of around 8% in the prices of domestic butane gas cylinders (15 kg; 17.5 kg; 28 kg) and industrial bulk butane.

The TOTAL C I (TTLC) value, for its part, did not remain on the sidelines of this announcement. Indeed, explains the Management and Intermediation Company (SGI), on the evening of this announcement, the stock closed the session at 1,370 XOF after ending lower the previous session (-0.39% to 1,285 XOF).

Ultimately, the Ivorian subsidiary of the hydrocarbon giant TOTAL S A managed to record a jump of 14.17% in weekly variation, allowing the Brvm-Distribution index to achieve the best sectoral performance with a gain of 9.25 points.

In this vein, we note that Ivorian “Finance” values have all ended in the green, driven by the announcement that the ban on gatherings has been lifted and that tourism and leisure establishments will be opened.

Indeed, in addition to the fact that these establishments remain an important part of Ivorian tourism, whose loss is close to 400 billion XOF in less than a quarter, according to the responsible minister Siandou Fofana, they represent a significant part of the portfolio of financial institutions in the Ivorian capital.

“Similarly, the publication by the BCEAO of data from the survey on banking conditions, showing a slight increase of 0.10 percentage points in debit interest rates in June 2020 also influences investor perception of activities. banks in the subregion”, notes the SGI.

In the meantime, this indicates that the Brvm-Finance index rose by 1.04% to 52.39 points.

“On the other hand, penalized by the withdrawal of investors after the profit takeover in mid-July, the SOGC stock recorded the worst performance of the week (-10.98%) and closed at 1,500 XOF,” concludes Impaxis Securities.