Tunis Stock Exchange Sees Unusual Trading Volume on August 12, 2024
The Tunis Stock Exchange's equity compartment recorded an unusual trading volume of 30,039 MTND on Monday, August 12, 2024. This was achieved through the exchange of 1,806,063 Smart Tunisie shares, worth a total of 28,897 MTND, representing 24.97% of the company's total capital.
The majority of the trades were executed through four block transactions at the same unit price of 16 TND per share. Based on the latest published capital structure, it is clear that Abdelwaheb Essafi is involved, as he is the only one who can hold the 1,395,910 shares that were the subject of the main block transaction. We believe this is not a disengagement from the company's capital, but rather a simple reorganization with the same reference shareholders.
Since the beginning of the year, Smart Tunisie's stock has shown a return of 4.96%, lower than the market's but still resilient given its sector of activity. Let's not forget that the sale of computer hardware and smartphones remains heavily exposed to the economic cycle, which is not currently in a positive phase.
This operation is unlikely to have any consequences on the stock's trajectory in the market. One or more significant operation declarations will be published in the coming days, providing more details on what happened last Monday.
