Tunis stock exchange faces bearish trends in challenging week

This week has proven to be particularly challenging for the Tunis Stock Exchange. The stock market displayed a decidedly bearish trend, shedding 3.6% to reach 8498.5 points, as per the analysis provided by the brokerage firm “Tunisie Valeurs.”

It is worth noting that this regression can be attributed to a selling pressure that has affected, almost indiscriminately, heavyweight entities on the market, particularly in the banking sector and SFBT.

The market experienced a significant acceleration in trading activity, accumulating a total turnover of TND 34 million. Of note is the execution of a block transaction involving Amen Bank shares, amounting to TND 7.2 million.

// Analysis of Stock Performances

SOTEMAIL shares led the weekly performance rankings, soaring by 23% to TND 2.730 per share, without significantly attracting investor capital.

MPBS shares recorded a gain of 5.9%, closing at TND 4.500 per share. Trading activity for this wood specialist amounted to a mere TND 36,000 for the entire week.

SERVICOM shares found themselves at the bottom of the Tunindex, experiencing a decline of 17.4% to TND 0.190 per share, with a meagre trading volume of TND 9,000.

The most dynamic stock of the week, Amen Bank, saw a slight decrease of 0.5%, settling at TND 38.900 per share while injecting TND 7.9 million into the market.

Source: Agence Tunis Afrique Presse

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