African stock exchanges: BRVM takes the lead in 2015
Its index of all listed securities (BRVM composite) experienced the highest growth on the continent.The Bourse régionale des valeurs mobilières (BRVM) became the leading African stock exchange in terms of progression of its index of all listed securities (BRVM composite) in 2015, it was announced this week.
This 17.77 per cent progression "comes as the vast majority of African stock markets ended 2015 in the red and as the main global stock markets suffered from the stagnation of economic activity, lower oil prices and a slowdown in emerging countries," said the BRVM in a statement.
It added that this performance is related "to the consolidation of growth within the Economic and Monetary Union of West Africa (WAEMU), particularly in Ivory Coast ", coupled with the new "regional and international promotion strategy deployed for more than three years".
This ranking comes after the BRVM composite index rose 20 per cent in 2012, 39 per cent in 2013 and 11 per cent in 2014.
This index shows even stronger growth than most global stock markets, including the Dax (Frankfurt + 9.5 per cent), the Nikkei (Tokyo, + nine per cent), the CAC 40 (Paris, 8.53 per cent) and the FTSE (London - five per cent), the statement said.
The WAEMU bourse ended the year 2015 with a market capitalisation of approximately 7500 billion CFA francs (€11.4 billion), which represents an 18.67 per cent increase over one year.