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Equity market: New composition of the BRVM 10 index

07/04/2021
Categories: Index/Markets

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The Regional Stock Exchange (BRVM) informs the public and market participants that, following the quarterly review of stock market indices, it has modified the composition of the BRVM 10 index. .

Many signals announce in the short term, a reversal of the downward trend in which the BRVM equity market is mired.

The exit of the composite index from the top of a falling wedge, both in daily and weekly data, argues in favor of the imminence of a large bullish impulse.

The new composition is as follows: SONATEL SN – SNTS; ECOBANK TRANSNATIONAL INCORPORATED TG – ETIT; ONATEL BF – ONTBF; ECOBANK CI – ECOC; BICI CI – BICC; SOCIETE IVOIRIENNE DE BANQUE CI – SIBC; BANK OF AFRICA BN – BOAB; SOCIETE GENERALE CI – SGBC; CFAO MOTORS CI – CFAC; BANK OF AFRICA BF – BOABF.
TOTAL CI - TTLC, BOLLORE TRANSPORT & LOGISTICS CI - SDSC, CIE CI - CIEC, BANK OF AFRICA CI - BOAC and NSIA BANQUE CI - NSBC are out of the BRVM 10 index while BICI CI - BICC, SOCIETE IVOIRIENNE DE BANQUE CI - SIBC, BANK OF AFRICA BN - BOAB, CFAO MOTORS CI - CFAC, and BANK OF AFRICA BF - BOABF are entering.

Such a configuration would therefore be a real boon for investors. The latter have the incredible opportunity to acquire securities at extremely low levels in the current context, because if the market rebound were to be confirmed, investors would be ideally positioned to take advantage of it.

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