FINANCIAL MARKET : Bvmac Unveils the First Cemac Stock Market Index
The committee responsible for choosing the name of the very first Central African Securities Exchange (Bvmac) stock market index has chosen the name “Bvmac All Share Index”, abbreviated “Bvmac ASI”. This was during a conference held in Douala, Cameroon on December 1, 2023.
To obtain this designation, the Bvmac launched, from November 22 to 27, 2023, a challenge aimed at nationals of all countries in the Cemac zone to make proposals of a suitable name for the exchange market index.
For the Director General of the Bvmac, the Cameroonian Louis Banga Ntolo, this is a key indicator for monitoring and determining the performance of a financial market, and an essential element for the visibility of the Cemac financial market. “The market in the subregion is not visible internationally, simply because we lack an indicator, which is the indicator by which we present the stock markets in the world, that is to say the index,” he said a few months ago.
With the creation of its first composite index, the Bvmac takes an important step as part of the process of revitalizing the unified Cemac market. This revitalization should intensify in 2024, with the entry on the stock exchange of the first wave of the twenty public companies proposed by the Member States.
The financial market of the Cemac countries, including Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea, is set to experience new advances within the international economic landscape.
S. N
