Senegalese Telco Sonatel Trading at Highest Level Since 2017
TLDR
- Sonatel (SNTS) achieved a 2.13% increase in share price to 24,000 FCFA, reaching a level last seen in August 2017, adding 50 billion FCFA to its market capitalization.
- The performance of Sonatel drove the BRVM Composite index up by 0.26% to reach 261.24 points, its highest level in seven years.
- BRVM 30 index rose by 0.34% to 131.15 points, while the BRVM Prestige index experienced a 1.40% decline to 113.24 points.
Sonatel (SNTS), the largest company on the BRVM stock market, recorded a 2.13% increase on Friday, pushing its share price to 24,000 FCFA, a level not seen since August 2017.
This rise added 50 billion FCFA ($85 million) to the telecommunications giant’s market capitalization, further solidifying its dominant position in the regional stock market.
The performance of Sonatel drove the BRVM Composite index up by 0.26% to reach 261.24 points, its highest level in seven years. Similarly, the BRVM 30 index rose by 0.34% to 131.15 points, while the BRVM Prestige index saw a decline of 1.40% to 113.24 points.
Points clés à retenir
Sonatel’s significant rise propelled the BRVM Composite to its highest level in seven years, reflecting the telecom giant’s continued dominance. Its stock began the year with a share price of 17,980 XOF and has since gained 33.5% on that price valuation, ranking it eighth on the BRVM in terms of year-to-date performance. Over the past four weeks alone, it has grown 9%.






Nouvelle Frontière
Restez informé des principales actualités et événements sur les marchés africains. Livré chaque semaine.
Pulse54
Une plongée approfondie dans ce qui est ancien et nouveau dans le paysage de l’investissement en Afrique. Livré deux fois par mois.
Événements
Inscrivez-vous pour rester informé de nos webinaires réguliers, des lancements de produits et des expositions.


