“This week, the market failed to maintain the trajectory begun at the beginning of the month after the 0.20% increase last week. This situation has put a brake on the series of increases over the past three weeks.

The market ended lower with the composite index, which posted a loss of 1.07% to 128.54 points, and the BRVM 10, which fell 0.82% to 121.69 points, although it moved substantially around a horizontal line above the August 10 trough (121.06 points),” informs Impaxis.

It reveals that the market capitalization of the shares is 3,862,024,339,231 XOF. The week's report shows 843,320 securities traded for a total value of 570 334 879.00 XOF, driven mainly by the Public Services and Finance sectors, which recorded 56% and 21% of transactions respectively

The Brvm-Industry (+0.50% to 32.29 points) and BRVM-Agriculture (+1.81% to 59.09 points) indexes achieved the only positive returns. The Brvm-Transport and Brvm-Distribution indices recorded the worst performances of the week, dropping 10.17% and 4.53%

The depreciation of almost all the values of these sectors would be mainly influenced by the decision of ECOWAS Heads of State to suspend all commercial, financial and diplomatic relations with Mali following the overthrow of the current regime.

In fact, according to the 2018 data on the structure of intra-community trade published by the BCEAO, Mali would represent the largest intra-community importer with 35.6% of supplies, while Côte d'Ivoire and Senegal are the main suppliers with 11.8% and 16.3% respectively. This decision would therefore not be without consequences on the value chain of these companies.