West African Bourse ends in a slight downturn


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West African Bourse ends in a slight downturn

The regional bourse for French West Africa (BRVM) in Abidjan, Cote d’Ivoire, ended trading Thursday slightly lower than it did Wednesday. The BRVM Composite index lost 1.31%, dropping from 214.74 to 211.92 points and the BRVM 10 index closed at 232.23 points down 1.54%. The bourse said in a statement here that the value of the transactions was 341.37 million CFA francs, compared to the 40.37 million CFA francs reported Wednesday. It said that trading involved 14 of the 38 companies listed on the stock exchang e and the number of securities traded climbed to 4,560. Seventeen of the 20 accredited brokerage firms, including 10 from outside Côte d’Ivoire, took part in Thursday’s trading. Stock market capitalization was 3,966,553,977,695 CFA francs and that for the bond market rose to 512,070,670,000 CFA francs.

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