The latest news at the BRVM (Abidjan), the Casablanca Stock Exchange, Tunis, Douala and the JSE do not allow to establish a uniform trend. African markets remain volatile and a bit bearish.
-After the launch of the first cohort on March 19, 2018, the Regional Stock Exchange (Brvm) will proceed on Monday, December 10, at the launch of the second cohort of SMEs Program Elite Brvm Lounge. The program, which aims, in addition to capacity building, to prepare companies in the zone of the West African Economic and Monetary Union to access the third compartment of the Brvm, was created in 2012 by the London stock exchange Group ( LSEG).
-The Casablanca Stock Exchange closed the week in the red. The Masi, an overall index composed of all equity-type stocks, lost 0.69% to 11,204.04 points, and the Madex, a compact index composed of continuously quoted securities, fell by 0.72% to 9,105.56 points.
In Tunis, the Tunindex closed the week (Monday, December 3 to Friday, December 7) in the green, + 1.3% to 7 398.88 points.
-On the Douala Stock Exchange, the State of Chad on November 27, paid the sum of CFA 11 661 442 000 representing the principal and interest still owed the transaction carried out in 2013 and for which many savers and Cameroonian investors had subscribed. The unitary amount of interest due for the year 2018 was CFA 120, the report of the Cameroonian financial market.
At the Douala Stock Exchange, the balance sheet of the bond loan of the State of Cameroon “ECMR 5.6% Net 2018-2023” is available. 524 natural persons subscribed to this public call for savings for an amount of 18.6 billion CFA francs, or 9.15% of the amount. Legal entities, including 13 banks, 23 insurance companies, 11 companies, 2 pension organizations and social security accounted for more than 88% in subscriptions of 200 billion CFA francs.
In the category of natural persons, we find 24% of civil servants, 17% of employees of the private sector, 13% of tradesmen, 9% of people practicing in a liberal profession, 1% of farmers. The 200 billion F CFA raised by the State of Cameroon was subscribed to 97% in Cameroon, and 3% abroad, including the following countries: Congo, France, Equatorial Guinea (1.8 billion), Chad ( 3.3 billion) and the Central African Republic (1.2 billion). (Source: CMF)
In Johannesburg, the JSE All-Share index closed up 0.48%, while the JSE Top-40 index rose 0.54% in Friday’s session. The financial index stagnated after only managing gains of 0.02%. Industrial indices and resources rose by 0.44% and 0.76% respectively. The South African market is still under shock from the bankruptcy of Steinhoff, the most important for a company listed on the JSE. Steinhoff shares fell 20% in early trading on Thursday, after the troubled furniture specialist announced it was rescheduling its year-end financial results. This led its stock price to plummet from R56 to R6 in four days, when the importance of SA’s biggest corporate fraud began to emerge.
