(Ecofin Agency) - The Société Générale Côte d'Ivoire's (SGBCI) shares ended July 11, increasing by 6.84% to CFA12,500. Although this performance is below the record levels reached since the beginning of the year, it is the most important completed in a single session over the period.

Moreover, the volume of traded securities reached 7,698. This is not the largest trading volume on this stock, but it is important enough regarding the market. Performances during the second quarter are yet to be revealed. But in Q1, SGBCI reached a record level of CFA1,000 billion ($1.7 billion) with Net Product (turnover equivalent) up by 18%. However, the rise in the cost of risk, related to uncollected receivables, led to a 27% drop in net profit for the period compared with the same period in 2016.

Idriss Linge