Tunis Stock Exchange Sees Positive Trend in July
The month of July was favorable for the Tunis Stock Exchange. The Tunindex index rose by 2.23%, closing at 11,834.99 points, while the Tunindex20 gained 1.89%, reaching 5,306.27 points. Out of the 22 trading sessions, 15 ended in an increase, with only 7 declining, indicating a strong market performance and a regain of investor confidence, particularly after the near-closure of the dividend season and the publication of quarterly activity indicators.
Only two sectors showed a decline in their sectoral indices: Household and Personal Care Products (-2.44%) and Industries (-0.93%). Overall, the stock market capitalization ended the month on a positive note, standing at 30,459 MTND, with 19.35% held by foreign investors.
Trading volumes reached 728,304 MTND, broken down as follows: 231,057 MTND on the debt market and 170,413 MTND on the equity compartment, including 69,253 MTND from block transactions. The average daily trading volume on the stock exchange reached 17,873 MTND, its highest level since the beginning of the year, demonstrating that the trading session duration is not the primary determining factor for operations.
Tunisian investors continue to dominate the market, representing 77.74% of buy volumes and 81.26% of sell volumes. Foreign investors showed a limited net positive balance of 1,599 MTND, indicating that the market remains relatively unattractive to international capital. However, this trend could reverse by the end of the year, particularly with the announced IPOs.
In terms of compartment distribution, 85.41% of operations concerned Compartment A, 13.82% Compartment B, and 0.77% Compartment S.
The top 3 performers of the month were Office Plast (+31.90%), Smart Tunisie (+29.05%), and Délice Holding (+27.78%). On the other end of the spectrum, we find Ciments de Bizerte (-14.04%), SIAME (-9.59%), and Sotipapier (-8.11%).
Overall, the month was good, and August is likely to follow the same trend. Historically, the market has shown low sensitivity to the expected macroeconomic figures for this month, which presumes a calm until the September rebound.
