Panafrican News Agency

Abidjan stock exchange presents positive balance sheet for 2019

Abidjan, Cote d'Ivoire (PANA) - The regional stock exchange of Abidjan presented on Tuesday the balance sheet for financial year 2019, judged generally positive, according to the director general of the West African bourse.

"Most international stocks are in the green. And the BRVM is doing just as well, with prospects to be envisaged with a certain optimism," the official said.


For 2020, BRVM plans to revitalize the bond market by facilitating access for SMEs, in particular through sneaker bonds. It is also planned to admit an SME to the compartment dedicated to this category of business and to strengthen the monitoring of transactions to preserve the integrity of the market.


"In terms of the equity market in 2019, we can see that the IPO of Oragroup is the largest in the history of BRVM and the 9th IPO since 2014."


The bond market recorded 1,218.2 billion CFA francs as the amount of the loan at the time of introduction, while bond capitalization stood at 4,232.6 billion CFA francs compared to 3,400 billion in 2018.


BRVM plans to popularize the stock market culture by launching online stock trading  and digitizing subscription operations on the primary market.
-0- PANA JU/BEH/KND/AR 15Jan2020