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 warding off the specter of an economic recession;
• the strong performance of international trade;
• the resilience of businesses;
• investor optimism;
• the relative improvement in household morale linked to the downward trend in inflationary pressures; etc.

The BRVM (Bourse Régionale des Valeurs Mobilières) did not deviate from this positive trend, showing good performance with its main indices trending upwards.

As of December 31, 2023, the BRVM 30 index increased by 7.85%, just like the composite index, which rose by 5.38%.

The strong performance of the regional financial market was also noted in the overall market capitalization, which reached 18,269.23 billion FCFA at the end of December 2023, an increase of 10.81% year-on-year. 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.