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WAEMU stock market: A record increase at the BRVM

09/12/2021
Categories: Index/Markets

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The Regional Stock Exchange (BRVM) is preparing to break its performance record since 2013. After five years of negative performance, the BRVM Composite, which includes all companies listed on the Abidjan Stock Exchange, is back with a record increase.

The development seen at the BRVM is supported by generous dividends and the hope that 2021 will be another rewarding year for investors. As of December 7, 2021, its main index, the BRVM Composite, which includes all the companies listed there, was up 35.25%, according to information provided by the African-Markets platform. Compared to all of the African markets, the BRVM Composite climbs to fourth place in terms of performance, and to second place behind Ghana, if we exclude the stock exchanges of Zimbabwe and Lusaka (Zambia) which have not a certain level of market valuation.

As of September 30, 2021, the overall value of dividends distributed by companies listed on this market already reached 321 billion FCFA (553.6 million dollars), a figure already higher than that of 2020. More generally, the overall performance of the BRVM Composite was supported by the rise in the values of companies such as Nestlé and Société Ivoirienne des Tabacs, whose valuation achieved the largest increases of all companies listed in Africa.

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