From Allafrica · · 1m
West Africa Stock Market Gains
Bridge Bank leads West Africa's stock market rebound with 15.39% gain.
In brief
Bridge Bank leads West Africa's stock market rebound with 15.39% gain. Bridge Bank Group Côte d'Ivoire rose 15.39% to XOF 8,995, driving West Africa's stock market up 1.11% weekly. Originally reported by Allafrica.
West Africa Stock Market
The BRVM Composite rose 1.11% to 546.78 points for the week ending October 2.
Bridge Bank Leads Gains
Bridge Bank Group Côte d'Ivoire rose 15.39% to XOF 8,995 after reaching XOF 9,675 during the week.
Sodeci and Sonatel Rise
SODECI rose 9.08% to XOF 12,980, while Sonatel climbed 5.88% to XOF 45,000.
Market Breadth Weak
Of 48 listed stocks, 19 advanced, 25 declined and 4 were unchanged during the week.
Trading Volume Shifts
About 6.75 million shares changed hands, down 6.19% from previous week, with value rising 4.40% to XOF 17.94 billion.
Sonatel Stock Split
Sonatel shareholders will vote on a proposed 1-for-10 stock split on October 8.
Market Rebounds
The BRVM Composite finished the week 9.12 points below its recent record of 555.90 points.
The headline
Bridge Bank Group Côte d'Ivoire rose 15.39% to XOF 8,995, driving West Africa's stock market up 1.11% weekly.
