According to the market analysis report of Bloomfield Investment Corporation, a rating agency
pan-African company specializing in credit risk assessment, based in Abidjan, the Regional Stock Exchange
securities (Brvm) ended the week of July 8 to 12 down, posting 149.97 points for
the BRVM 10 index (-0.56%) and 155.93 points for the BRVM Composite index (-0.55%).
The market capitalization of the equity market stands at 4,643 billion CFA francs. The transactions
in market value of shares stood at 881 million CFA francs at the end of the week, brought
mainly by the “Public Services” (73%) and “Finances” (21%) sectors.
The SAFCA CI share made the most significant progress on the market with a gain of 21.92%, while the
NEI CEDA CI stock posted the biggest drop with a fall of 16.36%.
On the commodities market, the price of crude oil rebounded this week (+4.57%) while the
coffee prices on the American market ended the week in the red (-3.49%).
SAPH CI: A net result of 110 million at the end of March 2019
For the first quarter of 2019, the company SAPH CI achieved a turnover of 32,801 million
CFA francs, up 14%, compared to the same period in 2018.
The company justifies this increase by the increase in the volume of its sales because, over the period, the price
average kilogram of rubber contracted by 5%.
As for the net result, it stood at 110 million CFA francs at the end of the first quarter of 2019, against 648
million CFA francs at the end of March 2018, i.e. a drop of 83%. No explanation was given by
company in relation to this fall.
The SAPH CI share lost 45.8% of its value compared to the beginning of the year
On the stock market, in 2019, the SAPH CI share price fluctuated between 3,210 CFA francs and 3,840
CFA francs over the first three and a half months of the year, precisely until April 15, date of publication
of the 2018 annual results. Subsequently, the share fell sharply because the results published
showed a decline in turnover and a net loss.
The publication of the results for the first quarter of 2019, two weeks later, did not make it possible to raise the
share price. On July 12, 2019, the share price stood at 2,000 CFA francs, down
45.8% compared to the beginning of the year.
In terms of outlook, changes in the price of SAPH CI stock on the market will depend on the
performance of the company, which itself largely depends on rubber prices on the
international market, where uncertainty remains.