According to the stock market analysis report of Bloomfield Investment Corporation, a pan-African rating agency specializing in credit risk assessment, based in Abidjan, the Regional Stock Exchange (Brvm) ended the week of June 03 to 07 in down, posting 155.11 points for the BRVM 10 index (-0.53%) and 161.47 points for the BRVM Composite index (-0.87%).

The market capitalization of the equity market stands at 4,809 billion CFA francs. Transactions in equity market value amounted to 944 million CFA francs at the end of the week, driven mainly by the "Public Services" (71%) and "Finances" (21%) sectors.

The BICI CI share recorded the largest increase in the market with a gain of 8.24%, while the NESTLE CI share posted the largest drop with a fall of 17.46%.

On the commodities market, gold and rubber prices maintained their upward trend (+3.11% and +3.17% respectively), while coffee and natural gas prices ended the week down (respectively -4.02% and -5.08%).

The net result of BICICI amounts to 9.8 billion FCFA in 2018

BICICI's net banking income recorded a very slight increase in 2018 compared to its level in 2017. Indeed, it went from 48.4 billion FCFA to 48.8 billion FCFA over the period, an increase of 0.4 billion FCFA, mainly attributable to the increase in the margin on commissions (5.8%) in a context of a decline in the interest margin (-3.26%).

On the other hand, underlines the chief economist of Bloomfield Investment, the net result of BICICI improved, amounting to 9.8 billion FCFA in 2018 against 7.1 billion FCFA in 2017. This growth comes from the rise in operating income, following the 53% depreciation of the bank's cost of risk.

On the stock market, the BICICI share price has been falling since the beginning of 2019, mainly due to investors' fears about the impact on the bank's results of the unfavorable situation of certain key players. of the cocoa sector (including the company SAF CACAO), clients of the bank.

The value of the security stands at 4,600 FCFA at the end of the session of June 7, 2019, i.e. a loss of 41.8% compared to its level at the start of the year. In view of the performances (presented above) for the 2018 financial year recently published, the BICICI share price could increase slightly, at least over the next quarter. However, the announcement of the amount of the dividend to be distributed for the 2018 financial year will play a catalytic role.