West African Stock-Market Trading Value Halves After Relocation
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The value of shares traded on West Africa’s regional stock market more than halved after the exchange was forced to relocate from Ivory Coast because of a political crisis, the head of the bourse said.
Trading restarted on March 1 after being suspended on Feb. 11 to allow the Bourse Regionale des Valeurs Mobilieres, or BRVM, to move its offices to Bamako, the capital of neighboring Mali. Transactions worth 86 million CFA francs ($182,342) were conducted yesterday, compared with a daily average of 200 million to 500 million CFA francs last year, BRVM head Jean-Paul Gillet said.