SOTUVER control shifts as TUNINDEX ends nearly flat at 15,606.62
The TUNINDEX closed up 0.07% at 15,606.62 on April 13, while the TUNINDEX20 was flat at 6,925.54. SOTUVER drove the recent narrative after 16.2 million shares changed hands to BA Glass B.V, equal to 41.28% of capital, in a deal cleared by the CMF and triggering a mandatory tender offer, according to L’Economiste Maghrébin, La Presse de Tunisie and Tustex. Trading in the stock resumed on March 25 after the CMF announcement, while 2 block trades worth 2.2 million dinars had already been reported on March 27, according to Business News and Tustex. Elsewhere, SOTETEL jumped 6% on April 13, according to analyst notes, while Unimed posted a 4th straight decline, African Manager reported.
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SOTUVER lifts foreign flows, but basic materials slide 3.12%
The TUNINDEX fell 0.26% to 18,517.87 points and the TUNINDEX20 lost 0.23% to 8,110.66 points, while the Basic Materials index dropped 3.12% to 7,978.57 points, according to market data. SOTUVER remained central to the story: its revenue rose 31% at September 30, according to Tustex, after first-half foreign flows jumped to TND 218 million, driven by BA Glass-SOTUVER, also according to Tustex. African Manager reported that an insurance indemnity supported SOTUVER's earnings while operating profitability eroded, extending a more mixed narrative than top-line growth alone. The segment had already shown strain, with SOTUVER listed among sharp decliners on September 23 by webmanagercenter, even as the Building and Construction Materials index rose 1.44% to 814.53 points.
Tunis Stock Exchange — Euro-Cycles Jumps 4.7% Even as Basic Materials Slump 3.12%
Euro-Cycles rose 4.7% to 10.47 TND on Thursday, defying a 3.12% drop in Tunisia’s basic materials index. The divergence highlights increasingly selective trading in Tunis amid Q3 earnings, a weaker dinar and Brent crude at $111.27 a barrel.
TUNINDEX slips 0.22% as SOTUVER stays central to flows and disclosures
The TUNINDEX fell 0.22% to 18,565.68 points on October 21, while the TUNINDEX20 lost 0.26% to 8,129.55 points, according to market data. Financial stocks cushioned the decline, with the financial companies index down 0.14% at 15,165.33 points and the insurance index up 0.08% at 29,510.36 points, while household and personal care products dropped 1.43% to 3,289.6 points. SOTUVER stayed at the center of the story, with revenue up 31% at September 30 according to Tustex, after first-half foreign flows jumped to TND 218 million on BA Glass-SOTUVER, also according to Tustex. The stock had also ranked among the sharpest decliners on September 23, according to webmanagercenter, while African Manager reported on October 7 that an insurance indemnity supported earnings even as operating profitability eroded, and the company published 2 calls for candidates on October 21 for 1 minority-shareholder board seat and 1 independent director seat.