Tunis Stock Exchange Starts 2026 in the Red
The Tunis Stock Exchange began 2026 on a negative note, declining by 2.07% in three trading sessions. The market capitalization lost 1.40% of its value. Should we be concerned about this trend, especially after ending 2025 with a notable performance of 35.12%?
No Cause for Alarm
In reality, nothing has changed on the macroeconomic front in a few days, which rules out the theory of a sudden loss of investor confidence. Moreover, there is still a consistent trading volume in line with the market average, driven by savers seeking entry points.
Historical Context
For comparison, the Tunindex posted a decline of 0.42% during the first three trading days of 2025. We need to go back to 2017 to find a positive evolution of the Tunis Stock Exchange's flagship index over such a period.
Profit-Taking and Reinvestment
This movement is a profit-taking opportunity for reinvestment in stocks, debt, or bank deposits. Let's not forget that with the wealth tax, dynamic management of financial assets is essential for the wealthiest individuals who necessarily have portfolios on the stock exchange.
Sector Performance
Certain heavyweights of the Tunindex were under pressure in recent days, such as Banque de Tunisie (-7.03%), Délice Holding (-5.04%), and STAR (-5.53%). Overall, banks lost 2.83%, and insurance companies lost 2.19%. It only takes these stocks to rebound for the index to reach a turning point.
Staying Positive and Cautious
We should remain positive, but this does not prevent us from properly valuing stocks and choosing the right time to acquire them. Portfolios must be diversified. We are not immune to global events that can cause problems for all markets.
