The Central African regional market witnessed a significant surge in its latest trading session, driven by strong performances in the agricultural and forestry sectors. According to the Official Bulletin (BOC N° 2464) dated March 6, 2026, the BVMAC All Share Index (BVMAC-AS) closed at 1,146.61, marking an impressive daily jump of 6.73%.
Equity Market: Agriculture and Forestry Lead the Charge
The equity market saw a total traded value of 1,815,000 FCFA across two major transactions. The primary drivers of this growth were two heavyweights in the Cameroonian industrial landscape:
- SAFACAM (Société Africaine Forestière et Agricole du Cameroun): The stock saw a maximum daily increase of 10.00%, closing at 33,000 FCFA. This brings its year-to-date variation to a staggering 24.53%.
- SOCAPALM (Société Camerounaise de Palmeraies): Mirroring its peer, SOCAPALM also hit the ceiling with a 10.00% daily gain, closing at 55,000 FCFA. Its annual performance remains robust at 27.91%.
Other listed entities, including SEMC (Société des Eaux Minérales du Cameroun) at 49,000 FCFA and BANGE (Banco Nacional de Guinea Ecuatorial) at 228,085 FCFA, remained stable during the session with no price variation.
Bond Market: Stability Amidst High Liquidity Potential
While the equity side was buzzing, the bond market remained quiet with no trades executed during the session. However, the market depth remains significant, with 33 bond lines currently listed. Notable sovereign and regional yields include:
- Republic of Cameroon (ECMR 7.25% 2023-2031): Trading at 99.00% of par.
- BDEAC (Development Bank of Central African States): Various lines, such as the 6% 2022-2029, continue to trade at par (100.00%).
- Republic of Gabon: Several lines, including the 6.25% 2022-2028, also hold steady at 100.00%.
Investment Funds (OPCVM) Performance
The Collective Investment schemes (OPCVM) showed marginal but steady growth. Africa Bright Asset Management’s “FCP AB Avenir” rose by 0.10% to a Net Asset Value (NAV) of 1,240.49 FCFA. Similarly, Harvest Asset Management’s “FCP BGFIBank Atlas” saw a 0.08% weekly increase, reaching an NAV of 119,184.11 FCFA.
Analyst’s Take
The sharp rise in the BVMAC-AS index highlights a growing appetite for established industrial stocks like SAFACAM and SOCAPALM. Investors seem to be rewarding these companies for their consistent dividend history—both paid out significant dividends in mid-2025. While the bond market lacks immediate transaction volume, the stable pricing of sovereign debt suggests continued confidence in regional fiscal stability.
Data Source: Bourse des Valeurs Mobilières de l’Afrique Centrale (BVMAC) – Bulletin Officiel de la Cote N° 2464.
