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HomeNewsTunisia: Tunindex posts sharp decline of 9.59% in March 2020

Tunisia: Tunindex posts sharp decline of 9.59% in March 2020

”Reflecting the strong uncertainties and risks perceived by investors regarding the economic and social impact of the spread of the COVID-19 virus on the country,” the Tunindex posted showed a strong decline of 9.59% in March 2020, closing at 6,483.38 points, after a rise by 1.29% in February 2020, according to the analysis of the monthly activity of the Tunis Stock Exchange.

Since the beginning of the year, its losses have increased to 8.97%, against a loss of 5.64% during the same period in 2019.

The Tunindex20, which represents the performance of the 20 largest and most liquid stocks listed on the Tunis Stock Exchange’s equity markets, followed the same trend, with a 10.79% drop to 2,804.18 points after a 1.68% increase during February 2020.

Its cumulative loss since the beginning of the year stands at 10.37% after a loss of 6.43% during the same period in 2019.

The volume of trade on the Stock Exchange reached 186 million dinars (MD), i.e. a strong increase of 142% compared to the previous month.

The average daily trading volume was 8.9MD against 3.8MD during February, and 5.7MD since the beginning of 2020.

The balance of price variations of listed securities was marked by a downward trend in March 2020, with 12 values on the rise and 61 values on the decline.

Taking into account this physiognomy, the liquidity ratio went up from 38% to 48% and the satisfaction ratio from 50% to 71%.

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