The buying trend propelled the BVMAC All Share Index up 0.46%, fixing the reference index at 1,138.20 points. The global capitalization of the equity segment thus rose to 1,802.41 billion FCFA, consolidating a valuation gain of 2.79 billion FCFA.

The appreciation of Safacam's share price is the driving force behind the rebound. The agro-industrial value jumped 6.85%, rising from 32,850 FCFA to 35,100 FCFA for 9 units traded with a total value of 315,900 FCFA. The BGFI Holding Corporation banking group, on the other hand, generated the largest capital flow with 3.15 million FCFA in transactions for 35 shares traded at a fixed price of 90,000 FCFA. Meanwhile, Socapalm channeled 2.75 million FCFA in financial movements involving 55 securities at 50,000 FCFA per unit.

However, the persistence of counterparty blockages restricts the operational depth of the stock market. The gap between supply and demand is illustrated by a backlog of 2,649 unexecuted buy orders for BGFI Holding Corporation and 1,186 pending demands for Safacam, alongside 5,650 Socapalm shares blocked for sale without buyers. In contrast, the sovereign and private debt compartment maintained an immobile balance of 1,228.83 billion FCFA, reflecting the complete absence of transactions across all 32 listed bonds.

The marked asymmetry between the requested volumes and the availability of securities limits the expansion of the sub-regional stock exchange to institutional investors. The valuation discrepancies recorded by collective management, as seen in the FCP Harvest Actions CEMAC, which fell back to a net asset value of 134,796.15 FCFA, representing a decline of 2.20% over a week, confirm the vulnerability of the secondary market. The scarcity of circulating securities leads to recurring price distortions, necessitating the urgent implementation of a market-making mechanism to ensure the continuity of stock market liquidity.


Ndjomo Carlos

Tags: bvmac safacam sociapalm bgfi marche boursier investissements fcfa economie bourse