Afran : STOCKS NEWS AFRICA-W.Africa's BRVM drops as Nestle, Shell weigh
on 2009/9/26 11:28:30
Afran

Sep 25, 2009

Shares on West Africa's BRVM bourse .BRVMCI finish lower over the week to Friday, weighed down in weak volumes mainly by a fall in foodstuff company Nestle NTLC.CI and oil retailer Shell SHEC.CI.

The all-share composite index loses about 1 percent over the week, or 1.16 points to 134.58 points. Uncertainty remains over the staging of a November 29 general election in the Ivory Coast that has already been long delayed.

Nestle is the worst performer, slipping by 4,125 CFA francs to 50,875. Shell falls by 1,715 CFA francs to 21,275 and Bank SGBCI SGBC.CI sheds 1,000 CFA francs to 36,000.

On the upside, cooking oil and soap producer Unilever UNLC.CI rises 4,000 CFA francs to 66,000 and Bank of Africa Benin BOAB.CI adds 900 CFA francs to 47,000.

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