Despite a macroeconomic context characterized by a slow and uneven recovery across different regions of the world, influenced by both exogenous and endogenous shocks, in 2023, stock markets experienced an overall positive year thanks to a combination of several factors: the initiatives of political and monetary authorities aimed at averting the specter of an economic recession, the strong performance of international trade, the resilience of businesses, investor optimism, and the relative improvement in household morale linked to the downward trend in inflationary pressures, among others.
The BRVM (Bourse Régionale des Valeurs Mobilières) did not deviate from this positive trend, showing good performance with its main indices trending upward.
As of December 31, 2023, the BRVM 30 index increased by 7.85%, as did the composite index, which rose by 5.38%.
This strong performance of the regional financial market was also reflected in the overall market capitalization, which reached 18,269.23 billion at the end of December 2023, marking a year-on-year increase of 10.81%. This improvement in stock market activity is the result of the vitality of the equity markets (+5.38%) linked to rising prices and bonds (+15.41%), reinforcing the BRVM's position as the 5th largest stock exchange in Africa.
