According to the market analysis report of Bloomfield Investment Corporation, a rating agency
pan-African company specializing in credit risk assessment, based in Abidjan, the Regional Stock Exchange
securities (Brvm) ended the week of August 5 to 9 on the rise, posting 152.45 points for
the BRVM 10 index (+0.75%) and 157.17 points for the BRVM Composite index (+0.43%).
The market capitalization of the equity market stands at 4,679 billion CFA francs. The transactions
in value of the equity market stood at 2.968 billion CFA francs at the end of the week, brought
mainly by the “Public Services” (66%) and “Finances” (29%) sectors.
The NEI-CEDA CI share made the most significant progress on the market with a gain of 12.24%, while
the title CROWN SIEM CI posted the largest drop with a fall of 10%.
On the raw materials market, cocoa prices ended the week down, both in New
York (-4.54%) than in London (-4.61%), while the price of gold strengthened (+3.81%).
Solibra: the evolution of the SOLIBRA share price is generally bearish in 2019
The total turnover and other products of SOLIBRA amounted to 202.8 billion FCFA at the end of
the year 2018. It is on the rise (+4.8%) compared to its level of 193.4 billion FCFA recorded
the previous year.
The increase in turnover would result from an increase in the company's sales volumes, following
the fall in the price of one of its main products (Bock).
As for the company's net income, it shows an annual decline of 69.3%, settling at 1.3 billion
FCFA in 2018.
This situation is mainly due to the increase in depreciation allowances (+13.3%) and
financial charges of the company (+90%) from the loan obtained in 2017.
On the stock market, in 2019, the evolution of the SOLIBRA share price is generally bearish. In effect,
the share price started 2019 at 56,000 FCFA and stood at 35,000 FCFA on August 8, i.e. a
regression of 37.5%.
This downward trend would be justified by the drop in the company's net income and by the announcement of the
distribution of a lower net dividend per share compared to that of the previous year (1,368
FCFA against 2,322 FCFA).
SOLIBRA has been facing stiff competition for several years, and the investments made to
maintaining its dominant position in the market is currently cutting into its profits, according to the economist in
head of Blomfield Investment.