BRVM voted "Most Innovative Exchange in Africa"
It received this award at the 9th Forum on Investment in New York.The WAEMU's Bourse régionale des valeurs mobilières (BRVM) was crowned "Most Innovative Exchange in Africa" ??at the 9th Investment Forum held in New York on September 19.
In a statement, the institution said that this distinction is a recognition from international investors of the good performance of the BRVM during the last four years.
The BRVM became the leading African stock exchange in terms of progression of its index of all listed securities (BRVM composite) in 2015.
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".
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.