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BRVM - the evolution of the TOTAL SN share price shows high volatility in 2019

20/08/2019
Source : AllAfrica
Categories: Sectors

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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 13 to 16 down, posting 150.28 points for
the BRVM 10 index (-1.42%) and 155.26 points for the BRVM Composite index (-1.22%).
The market capitalization of the equity market stands at 4,622 billion CFA francs. The transactions
in market value of shares stood at 930 million CFA francs at the end of the week, increased
mainly by the “Public Services” (82%) and “Finances” (14%) sectors.
The SICABLE CI share made the most significant progress on the market with a gain of 5.56%, while the
BICI CI stock posted the largest drop with a fall of 9.51%.
On the commodities market, the price of palm oil continued its upward trend (+1.66%),
while the price of rubber recorded a significant drop in one week (-10.73%).
TOTAL Senegal's turnover stood at 382.2 billion FCFA in 2018, against 309.6 billion FCFA
a year ago. This annual growth of 23% is justified by an increase in the volume of sales and
international oil prices in 2018.
Over the same period, its profits increased by 53% and stood at 6.3 billion FCFA in 2018. The good
strong sales and control of fixed costs are the main drivers of this increase.
TOTAL Senegal will further strengthen its leadership in the Senegalese market for the distribution of
oil products
On the stock market, in 2019, the evolution of the TOTAL SN share price shows high volatility. He swayed
between 1,290 FCFA and 1,495 FCFA over the first 4 months of the year, before appreciating and reaching its
highest level on May 3 and 6, 2019, i.e. 1,600 FCFA (+10.34% compared to its value at the start of
the year).
The capital gain realized on these dates coincides with the publication of the company's good results relating to
the 2018 financial year.
Thereafter, the share price generally declines, although it has recovered for a few weeks
with an upward trend from the 2 nd week of July due to the announcement of the distribution of
dividends for the 2018 financial year.
The share price stands at 1,415 FCFA this weekend (-2.41% compared to its value at the start of
the year).
TOTAL Senegal intends to take advantage of its achievements to further strengthen its market leadership
Senegalese in the distribution of petroleum products. This should enable it to record good
performance over the medium term.

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