BRVM closes 1.06% higher as Sonatel shares gain 7.18%
The Senegalese stock closes its first post-split session at CFA4,700, with total turnover on the regional exchange reaching CFA2.47 billion.
The overview of Regional Stock Exchange is being prepared.
The Senegalese stock closes its first post-split session at CFA4,700, with total turnover on the regional exchange reaching CFA2.47 billion.
Monday's price reference is one-tenth of the previous close, reflecting a change in the number of shares rather than an automatic loss for investors.
The stock gains 4.40% and accounts for more than half of trading in a session in which all three main indices closed higher.
The Composite closes at 524.52 points on 20 October. Sonatel accounts for more than three quarters of equity trading, according to Sika Finance.
The FCFA 30 billion issue has already been subscribed. The next step will be the opening of trading on the stock exchange.
Net banking income falls 1%, but lower cost of risk supports the earnings of the group listed on the BRVM.
The three main indices fall at the close on Monday, 12 October, while industrial stocks rise.
No executive has been listed yet.