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 September 30 to October 04 down, posting
136.48 points for the BRVM 10 index (-0.05%) and 142.35 points for the BRVM Composite index (-0.34%).
The market capitalization of the equity market stands at 4,238 billion CFA francs. The transactions
in market value of the shares stood at 1,927 million CFA francs at the end of the week, brought
mainly by the "Public Services" (58%), "Finances" (19%) and "Industry" (14%) sectors.
The CFAO CI share recorded the largest increase in the market with a gain of 13.33%, while the share
BOA ML shows the biggest drop with a fall of 29.69%.
In the commodity market, crude oil and rubber prices fall
significant in one week (respectively 5.68% and 5.46%).
Sucrivoire: A negative net result in 2018
At the end of 2018, SUCRIVOIRE's turnover stood at 56.2 billion CFA francs. He
thus shows a slight increase of 25.2 million CFA francs compared to its level at the end of 2017.
As for the net result of the company, it becomes loss-making and amounts to -301.2 million CFA francs in 2018,
against a profit of 3,147 million CFA francs the previous year.
SUCRIVOIRE justifies this loss by the contraction of its production in 2018 (due to the disease of the
sugar cane mosaic virus) which forced it to sell imported sugar whose margins
trade are almost nil.
The decline in SUCRIVOIRE's net income has been observable since 2016 and negatively affects the evolution of the
share price on the stock market.
The price of the security is 650 CFA francs at the end of the session of October 04, 2019, against 950 francs
CFA at the start of the year, representing a loss of -31.58%.
The downward trend in the share price should continue in the last quarter of 2019, in line with the
disappointing 2018 annual results (certified) published at the beginning of October 2019, and above all the
difficulties encountered by the company in achieving its stated objectives.