On a weekly basis, the market recorded four sectoral increases. On the other hand, the contraction of the transport (-7.22%), Public Services (-1.70%) and Agriculture (- 1.69%) indices attenuated the market recovery that ended the week with a slight gain of 0.01% to 126.34

For its part, the flagship index fell by 0.89%. Impaxis notes that the week's cumulative trade value was 1,215,473,640.00 XOF for a volume of 662,730 securities traded, and the capitalization of the equity market was 3,795,982,696,896 XOF.

In addition, on Friday, September 25, the monetary policy report was published in UMOA for the second quarter of 2020.

Examining the internal situation, the Monetary Policy Committee noted that economic activity in UEMOA was also affected by the effects of the spread of the pandemic starting in March 2020 in all Member States.

GDP fell by 2.0% in the second quarter of 2020 compared to the same period of the previous year after rising by 3.2% a quarter earlier.

The fall in economic activity in the Union was mainly driven by the tertiary and secondary sectors, whose added values fell by 3.4% and 3.6% respectively in the second quarter of 2020.

On the other hand, the added value of the primary sector increased by 3.1%, due to good agricultural production.

The inflation rate in UEMOA, compared to the same quarter of the previous year, stood at 1.7% in the second quarter of 2020, after 1.2% a quarter earlier.

According to the latest projections, UMOA's GDP is expected to increase by 2.1% in the third quarter of 2020, the inflation rate is expected to average 1.8% in 2020.

“In total, for the whole of 2020, the Union would record economic growth of 1.3% and sectoral contributions would amount to 0.9 points for the tertiary sector, 0.1 points for the secondary sector and 0.3 points for the primary sector.

Based on these analyses, the Monetary Policy Committee decided to keep its key rates unchanged, which were lowered by 50 bps on 24 June 2020,” Impaxis recalls.