Ivorian firm Tractafric Motors leads BRVM rally with 15% stock gain
TLDR
- Tractafric Motors CI shows strong growth with +14.88% capital gain in two sessions.
- Onatel and SIB CI shares perform well with +4.74% and +3.21% increases, respectively.
- Oragroup faces a -4.14% decline, approaching its lowest level in two years.
Tractafric Motors CI continued its impressive performance on the BRVM on Wednesday, marking a second consecutive session of remarkable gains. The stock surged by +7.46% to reach 1,945 FCFA, representing a cumulative capital gain of 14.88% over the two sessions this week.
Joining the ranks of top performers were shares of Onatel, which rose by +4.74% to 2,210 FCFA, and SIB CI, which saw an increase of +3.21% to 5,780 FCFA.
Conversely, Oragroup experienced a decline of -4.14% to 2,200 FCFA, nearing its lowest level in the past two years, while CIEC and SOGB securities also recorded notable decreases of -3.03% and -2.75%, respectively.
Key Takeaways
Despite the mixed performance of individual stocks, the overall market sentiment remained positive, with 16 increases outnumbering 12 decreases. This contributed to a marginal gain of 0.10% in the BRVM Composite index, reaching 213.80 points. Similarly, the BRVM 30 and BRVM Prestige indices also saw modest upticks, rising by +0.09% and +0.08%, respectively. Trading activity remained relatively stable, with the volume of transactions standing at 331.1 million FCFA. CIEC emerged as the most actively traded stock, accounting for 20.34% of the total transaction volume with 67.35 million FCFA.
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