The upturn of the week of December 15 did not last long. According to Tunisie Valeurs, at the end of the week from December 18 to 22, the benchmark index was back in the red, down 0.4% at 8609.1 points.
With the end of the year fast approaching, the Tunindex posted a modest annual performance of 6.4%.
In the absence of block trades, the week saw a marked slowdown in the pace of trading. Only TND 13.6 million were traded in the market, with a daily average of TND 2.7 million.
Stock analysis
CELLCOM was the best performer of the week. Shares in the distributor of the EVERTEK brand rose by 23.1% to TND 1.440 on reduced volume of TND 34,000.
MPBS performed well. The wood specialist’s share price rose by 15.7% to TND 5.670. The stock added TND 462,000 during the week.
BH Leasing shares were the worst performers on the Tunindex. The share of the BH BANK-backed leasing company fell 13.6% to TND 3.240 on a weak flow of TND 2,000.
Selling pressure took its toll on ARTES shares. The shares of the Renault Trucks car dealer fell by 6.2% to TND 6.240. The stock traded TND 45,000 during the week.
AMEN BANK shares ended the week on a gloomy note. The shares of the financial arm of the PGI group fell slightly by 1.8% to TND 33.300.
AMEN BANK was the most dynamic stock of the week, driving the market with a trading volume of almost TND 2 million.
Market News
The stock market broker UBCI BOURSE is proposing to offer 44,541 shares of UBCI for direct sale on the market during the session of Monday, December 25, 2023, according to the Tunis Stock Exchange.
The minimum sale price is TND 22.500. This sale is subject to court approval.
