Tunis Stock Exchange Sees Strong Performance in First Half of 2024
The first half of 2024 has been particularly favorable for the Tunis Stock Exchange. The Tunindex, the main stock market index, has recorded a 11.15% increase, reflecting a strong market dynamic. According to the AFC review, this performance is the result of a significant rebound following a hesitant start to the year.
In fact, after a January marked by a slight decline, the index has seen five consecutive months of growth.
Moreover, large-cap stocks have performed well, as evidenced by the Tunindex 20, which groups the 20 largest capitalizations and has progressed by 14.22%, highlighting the good health of major groups.
Several sectors have played a key role in this positive performance. The consumer goods sector has been the most dynamic, with a growth rate of 15.56%, mainly driven by the agro-food and beverages sub-sector.
The financial sector has also shown good results, with a 13.18% increase. Banks, which represent a significant portion of the stock market capitalization, have particularly stood out.
In terms of individual performances, telecommunications companies such as Sotetel, investment companies like Spdit-Sicaf and Land'Or, as well as certain banks, including Amen Bank, Attijari Bank, and BH Bank, are among the top performers.
On the other hand, the construction and building materials sectors have been the most penalized, with companies like Sotemail, Alkimia, Telnet Holding, and Euro-Cycles recording the largest declines.
