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Tunis Stock Exchange: Tunindex accumulates gains

The Tunindex index closed the month of July 2022 at 7,731.77 points, recording a gain of 3.28% after a rise of 1.48% in June 2022, according to the monthly analysis published by the Tunis Stock Exchange.

Since the beginning of the year, its cumulative gains have reached 9.73%, against a gain of 6.09% during the same period of 2021.

The volume of trade on the stock market reached 65.5 million dinars (MD), down 57.9% compared to the previous month.

According to the monthly analysis of the Tunis Stock Exchange for July 2022, the average daily trading volume stood at 3.2 MD against 7 MD during the month of June.

The balance of price changes of listed securities is tilted to the upside, with 44 values up and 32 values down.

The Tunindex20 posted an increase of 4.02% in July 2022, after a rise of 1.63% recorded in the previous month, therefore closing gat 3,404.29 points.

Since the beginning of the year 2022, the Tunindex20 has achieved a rise of 11.91% against an increase of 7.57% during the same period of the year 2021.

More than 1/5th of the capitalization held by foreigners

The market capitalization held by foreigners on the Tunis Stock Exchange reached nearly 5.2 billion dinars in July 2022, or 22.2% of the overall market capitalization, according to the monthly letter published by the Tunis Stock Exchange.

The acquisitions made by foreigners on the securities listed totaled 157,000 dinars in July 2022, against sales of 3,553,000 dinars, resulting in a net negative balance of -3,396,000 dinars.

Divided by sector, securities held by foreigners on the main market in July 2022, are mainly in the sectors of finance (239,502,217 securities), consumer goods (168,244,106 securities) and industries (19,323,564 securities) …

And the alternative market!

Director General of the Tunis Stock Exchange, Bilel Sahnoun, confirmed in an interview with “AfricanManager” that a regulatory decree on the alternative market and small and medium-sized enterprises was promulgated last May. It is scheduled to enter into force in the coming period, in order to facilitate the listing of this category of companies.

Given the high risks of the alternative market, it has been assigned only to prudent investors, which means that small investors are not affected because they do not have the capacity and means to evaluate and study it.

He stressed that small and medium-sized enterprises are an essential component of the economic fabric, and that they suffer from low equity capital. Their listing on the stock exchange will provide them with additional resources.

The Tunis Stock Exchange does not reflect the state of all economic sectors of Tunisia and its index reflects primarily the situation of the financial sector. That sector has been living through a great dynamic lately and impacting favorably the Tunis Stock Exchange, Bilel Sahnoun told Express FM on Thursday.

He noted, in this sense, that the Tunisian companies can enrich the stock market products and attract more investors, knowing that the telecommunications, oil and tourism sectors have not been listed on the stock market to date.

Sahnoun said the market capitalization in Tunisia represents 22% of GDP, or 24 billion Tunisian dinars. A low rate compared to other countries, with an average daily trading volume estimated at 3 million dinars, down 38% compared to 2021.

He expressed in this context his concern about the decline in turnover and volume of transactions, adding that the listing of public companies on the stock exchange ensures more transparency in transactions.

This is evidence in the fact that public banks listed on the stock exchange have achieved promising figures that are close to those achieved by private banks, he pointed out.

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