The brief upswing observed during the week of December 15 proved short-lived as the benchmark index once again slipped into negative territory in the week spanning December 18-22. The Tunindex took a 0.4% dive to 8,609.1 points, as reported by broker Tunisie Valeurs.
As the year-end swiftly approaches, the Stock Market displays a modest annual performance of 6.4%. With a conspicuous absence of block transactions, the week saw a notable deceleration in trading activity, with a total volume of TND 13.6 million changing hands, equating to a daily average of TND 2.7 million.
Value Analysis
CELLCOM emerged as the top performer of the week, with the distributor of the EVERTEK brand witnessing a remarkable surge of 23.1% to TND 1.440, albeit in a reduced volume of TND 34,000.
MPBS showcased a commendable performance, with the wood specialist’s stock marking a gain of 15.7% at TND 5.670. The stock attracted capital inflows of TND 462,000 over the week.
Conversely, BH Leasing found itself at the bottom of the Tu
nindex. The leasing company affiliated with BH BANK saw its stock decline by 13.6% to TND 3.240, amid an anaemic trading volume of TND 2,000.
ARTES faced selling pressure, with the stock of the Renault dealership dipping by 6.2% to TND 6.240. The stock generated a trading volume of TND 45,000 throughout the week.
AMEN BANK concluded the week on a subdued note, with the financial arm of the PGI group experiencing a marginal retreat of 1.8% to TND 33.300. Despite this, AMEN BANK was the most dynamic stock of the week, contributing to the market with exchanges totalling nearly TND 2 million.
Market News
Broker UBCI BOURSE has announced its intention to directly sell 44,541 shares of UBCI on the market during the session on Monday, December 25, 2023, as disclosed by the Tunis Stock Exchange.
The minimum price for the transaction is set at TND 22,500, and this sale is subject to a judicial decision.
Source: Agence Tunis Afrique Presse