According to the “weekly review” of the Senegalese management and intermediation company Impaxis Securities, this Friday rebound failed to redirect the weekly trajectory in which the stock market's equity compartment evolves.

"Friday July 17 was the most dynamic trading session of the week," Impaxis Securities informs in its "Weekly Review July 13-17, 2020.

According to the Management and Intermediation Company (Sgi), compared to the other sessions of the week, Friday's activity indicators showed significantly better performance.

In this sense, it indicates that at the close of trading on July 17, the Brvm 10 and Brvm C indices ended in the green, recording respective performances of +1.17% and +0.66%.

Also, Impaxis specifies in the process that the market closed its third consecutive week down.

In addition, she explains that the Brvvm-Services Publics index achieved the only positive performance of the week due to the values CIE CI (CIEC; +7.95% at 1290 XOF) and ONATEL BF (ONTBF; +2.05 % to 2990 XOF).

On the other hand, “the Agriculture sector recorded the worst performance, driven mainly by the African Rubber Plantation Company (SPHC; - 13.64% at 950 XOF)”.

Indeed, the document indicates that this depreciation would be linked to the publication of the report of the Association of Natural Rubber Producing Countries (Anrpc) which describes a 15.7% drop in the world consumption of natural rubber during the first half of 2020 due to the containment measures adopted by governments to stem the Covid-19 pandemic.

As a result, he continues, the price of natural rubber collapsed by 12% to 146.5 cents/kg in the same time.

In the same vein, text points out that in its Q1/2020 activity report, the company (SAPH CI) had anticipated a significant negative impact on its second quarter activities, which would be disrupted by the reduction in the quantities produced as much than that of the rubber courts.

"In addition, under the influx of investors induced by the good performance achieved for the 2019 financial year compared to the 2018 financial year, the value CROWN SIEM CI (SEMC; +18.92% at 220 XOF) maintains its bull market and rises for a second time to the first rank of the top five of the week”, confides the Sgi.

Who says in the same wake that the weekly activity recorded 313,602 securities traded for a total value of 614,802,406 XOF.

"The market capitalization is positioned slightly down by 0.53% at 3,925,062,897,721 XOF compared to last week", concludes Impaxis securities in its "weekly review".