Tunisian Stock Market: Tunindex Ends the Week in the Red
The Tunindex, the Tunisian stock market's benchmark index, failed to end the week in the green despite a positive return to its territory yesterday (+0.20% to 9,911.72 points). It ultimately fell by 0.29%, but still boasts a respectable annual performance of 13.27%.
The market was volatile, with a transaction volume of 47,224 MTND. Banks, which account for 55.66% of the index, retreated by 0.38%. None of the credit institutions figured among the top performers, which were dominated by subsidiaries of the Somocer Group, namely Sotemail (+23.89%) and Sanimed (+10.75%), albeit with insignificant volumes. PGH was the only heavyweight in the top 5 weekly performers, gaining 3.49%. On the downside, AeTECH (-16.67%) is still seeking an independent administrator.
The largest transactions were recorded on Wifak Bank (8,028 MTND), Carthage Cement (5,924 MTND), and SAH (2,681 MTND). No block trades were registered.
Foreign investors were also absent, buying only 1,500 Carthage Cement shares and 600 PGH shares. On the selling side, they offloaded 124 Sotuver shares, 280 Sanimed shares, and 608 Amen Bank shares.
To reach 10,000 points by the end of the year, the Tunindex needs a performance of just 0.89% from now until the end of the exercise. This is achievable, but if banks remain discreet like this week, it will be difficult to attain.
