Abidjan, Jan 26, 2021 (AIP)-The Regional Stock Exchange (BRVM) expects a market capitalization of 6,400 billion CFA francs at the end of 2022, announced on Tuesday, January 25, 2022, its managing director, Dr Edoh Kossi Amenounvé, during the review of 2021 activities by videoconference.

As a perspective for 2022, the BRVM expects to promote the attraction of new listed companies to the stock exchange, two new admissions envisaged, 23 companies approached (including 5 already committed for an introduction to the Third Compartment), to create innovative products and services, highly technological and digital, which are in line with the investment needs of regional and international investors.

It is also engaged in a process of developing an information systems security policy, launching the BRVM Academy (training for the general public, professional training, training for public and private institutions) and the mentoring program BRVM Young Professional Program.

In 2021, despite Covid-19, the BRVM achieved a rise in the indices. This is explained, among other things, by the resilience of the region’s economies in the face of the COVID-19 pandemic with a growth rate of the region’s Gross Domestic Product (GDP) estimated at +1.85% in 2020 against -3, 1% for the rest of the world, noted Dr Edoh Kossi Amenounvé.

In addition to the rise in the indices, a total of 722.53 billion CFA francs in transaction values as of December 31, 2021 were recorded according to the confidences of the managing director.

The 2021 stock market year was marked by the listing of 46 companies for a market capitalization of more than 6,085 billion CFA francs. It recorded 94 bond lines for 3 listed sukuks, 983,078 securities traded on a daily average, 2.9 billion CFA francs traded on a daily average and an average PER of the Market of 13.70 against 10.03 in 2020 and by the celebration 25 years of BRVM and DC/BR.

According to the CEO, since January 1, 2014 a 50% discount on introductory commissions has been issued; the capitalization commission was capped at 600 million CFA Francs per issuer with a degressive rate based on the free float.

“More than 14,000 billion CFA francs in resources raised through bond issues and OPVs in 25 years,” said Dr. Edoh Kossi.

Transaction values are constantly increasing, rising from 145.84 billion CFA francs at the end of 2012 to 722 billion CFA francs as of December 31, 2021.

Source: Agence Ivoirienne de Presse