The Brvm points out in this sense that in Côte d'Ivoire, the President of the Republic, during a speech to the
nation, designed a gradual exit strategy when Burkina Faso proceeded with a reduction
progressive restrictive measures and has, in a presidential decree published on Monday, lifted the quarantine
cities with at least one case of Covid-19.
Furthermore, underlines the note, the States of the zone are continuing their fundraising in order to finance their
economic response plans. To this end, Guinea-Bissau has issued “Covid-19 social vouchers”
for an amount of FCfa 15.5 billion.
Securities listed on the Regional Stock Exchange (Brvm) performed well overall
with an increase of 0.69% over the period for the Brvm Composite index, informs the document. Who falls under
that we should nevertheless note the slight fall of 0.18% recorded by the index of the most liquid securities of the
financial market, the Brvm10.
As part of the biggest declines of the period, Setao and Cfao CI stocks recorded performances
equivalent, respectively -6.38% and -6.41%. With regard to the Cfao CI share, "this decline
could be explained by the publication of its financial statements for the year 2019, showing a drop in
19% of its net profit, at FCfa 5.25 billion.
The Bernabe CI share tumbled by 20%, and preceded Air Liquide CI, whose price fell by 20.75%,
entrusts the Brvm. Which explains that the Bernabe CI value suffered due to the deterioration of the
fundamentals of the company which has seen its turnover and its operating income slump
9% and 28% respectively in the first quarter of 2020.
The note underlines that the first step of the podium is occupied by the Sucrivoire security, for the second
week in a row, with a further fall of 23.42%. “Investors are still struggling to digest the
heavy losses (-5.3 billion FCFA) recorded by the Ivorian firm in the 2019 financial year”, she concludes.