Tunindex concludes week with 0.1% uptick

The stock market index concluded the week from July 1 to July 5, 2024, with a slight uptick of 0.1% to 9735.9 points, as reported by broker Tunisie Valeurs. The market had begun the week cautiously before picking up momentum from Wednesday's session onwards. Year-to-date, the TUNINDEX has shown a commendable performance of +11.3%. The week saw a relative acceleration in trading activity, with a total turnover of TND 37 million, averaging TND 7.4 million per day. Notably, there were seven block transactions totalling TND 9 million, all exclusively involving ONE TECH HOLDING shares. ASSURANCES MAGHREBIA VIE achieved the highest performance of the week, with the insurance company, affiliated with MAGHREBIA Group, gaining 9.3% to reach TND 5.600, with a modest trading volume of TND 147,000. STB shares distinguished themselves during the week, as the state-owned bank's stock rose by +7.2% to TND 3.270. The stock traded a modest volume of TND 140,000 throughout the week. AETECH ended up at the bottom of the T UNINDEX, experiencing a decline of -16.7% to TND 0.250 despite no trading activity taking place. SOTETEL's stock was adversely affected by profit-taking during the week, plummeting by 7.5% to TND 5.180. Trading volume for the telecommunications network specialist amounted to TND 287,000. Boosted by the aforementioned block transactions, ONE TECH HOLDING led in terms of trading volume. The national exporter's stock increased by 2% to TND 9.320, contributing TND 12.6 million to market activity. Source: Agence Tunis Afrique Presse