Stock market concludes Tuesday’s session in positive territory

Building on the momentum from the previous session, the stock market closed the day in the green, recording a 0.1% increase to reach 8,588.6 points. Trading volumes remained subdued, amounting to TND 2.8 million, according to broker Tunisie Valeurs. Euro-Cycles shares have regained favour among investors after a prolonged period of stagnation. The bicycle manufacturer's stock surged by 5% at the end of the session, closing at TND 14.700. The stock saw relatively modest trades, totalling TND 76,000. STIP shares displayed a commendable performance during the session. In a meagre trading volume of TND 1,000, the sole tire producer in Tunisia saw a gain of 4.4% to reach TND 4.500. However, the parent company of the group experienced a challenging first semester, concluding with a net profit of TND 4.1 million, a significant decline compared to the first half of 2022 (net income of TND 12 million). On the contrary, CELLCOM shares dipped into the red. The stock of the EVERTEK brand distributor declined by 4% t o TND 1.190. The stock virtually generated no trades during the session. As of the end of November 2023, the stock ranks at the bottom of the market with a severe correction of -63.5%. Meanwhile, UNIMED shares delivered a lacklustre performance in the session. The stock of the national leader in sterile products declined by 2.8% to TND 7.200. The stock attracted a modest trading volume of only TND 79,000 for the session. UIB shares were particularly noteworthy during the session. The stock of the Attijariwafa Bank subsidiary declined by 0.6% to TND 25.000, injecting over TND 1 million into the market. Source: Agence Tunis Afrique Presse

Related News