Tunisian stocks edge ahead, SFBT leads

Published June 3rd, 2001 - 02:00 GMT

TUNIS, (Reuters) - Tunisian shares ended marginally higher on Wednesday, May 30, in light blue chip buying dominated by soft drinks company SFBT and bank BT, traders said. 

 

Stock market benchmark Tunindex ticked up 2.13 points, or 0.15 percent, to 1,394.5 points in turnover of 1.75 million dinars from 1.67 million on Tuesday. 

 

Advancers outnumbered decliners 12 to seven with 13 remaining unchanged. 

 

The bourse's largest firm by market capitalization SFBT led the day's trading in volume of 3,647 shares, inching up 0.10 percent to 100.5 dinars. 

 

Telecommunications engineering company Sotetel was up 1.82 percent to 134.2 dinars after 1,360 stocks changed hands. 

 

Brokers said investors were returning to buy into the two blue chip issues after falls of more than four and two percent respectively last week. 

 

Banque de Tunisie was the second most traded share, edging up 0.14 percent to 74.10 dinars in volume totalling 198,957 dinars. 

 

Three other banks, including Societe Tunisienne de Banque, ended in positive territory in small volumes. Brokers said the gains were prompted by speculative buying in the bank sector ahead of dividends which are exempted of taxes. 

 

Airline Tunisair was down 0.15 percent to 13.58 dinars in small volume of 98,580 dinars in the wake of recent gains. (1$=1.474 dinar)  

 

 

© 2001 Mena Report (www.menareport.com)

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