The overall value of transactions for the week was MXOF 337,291, an increase of 159.95%
compared to the previous week with a volume of 32,303 securities traded".
The information is given by the Senegalese management and intermediation company Impaxis-Securities in its
"Weekly review of the markets from 13 to 17 April 2020".
According to the same source, the public securities market opened the week with the postponement of the issue
simultaneous (BAT-OAT) of the State of Côte d'Ivoire for an amount of XOF 55 billion initially planned on
14/04/2020.
"Out of a requested amount of XOF 80 billion, the States of Mali, Burkina Faso and Togo were able to raise a total of
XOF 86.613 billion. The total amount of the bids was XOF 198.586 billion, i.e. a coverage rate
from 248.23%.
Since the beginning of April, 265 billion XOF have been put out to tender by the States. Out of 584.781 billion XOF mobilized by investors in the sub-regional market, only XOF<25.065 billion were retained by the r transmitters.
The absorption rate of the bids selected out of the total amount of the bids thus stands at 43.79%
", informs Impaxis-Securities.
It recalls that according to the provisional annual programme of issues by invitation to tender of the Member States
of the Umoa established at the beginning of the year by the Umoa Securities Agency, the States plan to mobilize on the
second quarter XOF 1,300 billion including XOF 440 billion per Assimilable Treasury Bills "BAT" and 860 billion
XOF by Assimilable Treasury Bonds "OAT".
The expected Falls over the period are estimated at XOF 848 billion. Impaxis-Securities notes that due to
the global health crisis caused by the Covid-19 epidemic, the economy of sub
is expected to contract by 1.6% in 2020 according to the IMF.
Francophone West African economies, although impacted, are relatively resilient.
WAEMU is expected to be the most dynamic region of the subcontinent (+2.5%). In particular maintenance of the price of gold, its main export product (23.2% of total exports in 2018).