BRVM switches to continuous trading
The Regional Stock Exchange (BRVM) of the West African Economic and Monetary Union (WAEMU) has now become a continuous trading market.The Regional Stock Exchange (BRVM) of the West African Economic and Monetary Union (WAEMU) has now become a continuous trading market.
This move should allow investors to assess real-time offers and available requests to make forecasts or take positions. It is also expected to help bring the regional trading platform in line with international standards, as part of efforts to reposition and plan the development phase of the BRVM, according to CEO Edoh Kossi Amenounvé, quoted by Jeune Afrique newspaper.
The strategy of the West African financial platform includes introducing five new companies in 2014, as well as launching a market for small and medium-sized enterprises. It also intends to make products such as bonds and treasury bills available.
The main indices of the regional market have shown an improvement since the beginning of 2013, with a market capitalization reaching Fcfa4.973 trillion (€7.6 billion) on September 15, up by 25 percent compared to the same period last year.