The Tunis Stock Exchange closed on Thursday, September 17, nearly flat, but the main development occurred elsewhere: a block transaction of 5.66 million dinars on BIAT was executed at 155 dinars per share, while the stock finished at 165.400 dinars on the central market. The gap represents a discount of 6.3%. Market documents, however, do not allow identifying either the counterparties to the operation or the reasons for this discount.
-6.3 %
The gap between the block price of BIAT, fixed at 155 dinars, and the closing price of the share on the central market, at 165.400 dinars. The operation concerns 5 661 530 dinars.
The Tunindex finished at 19 044.90 points, down 0.05 %, while maintaining a year-to-date gain of 41.60 %. The Tunindex20 rose by 0.03 % to 8 323.13 points, i.e. +39.29 % since January.
The session generated a total of 12.868 million dinars of traded capital. Equity securities accounted for 11.666 million dinars, to which about 1.201 million dinars of registrations are added. No capital was exchanged on debt securities.
Top 5: SIAME dominates, but several gains rest on few titles
The official leaderboard for the session places SIAME very clearly at the top. However, reading the volumes shows very different situations behind the displayed variations.
| Value | Close | Variation | Activity | Liquidity reading |
|---|---|---|---|---|
| SIAME | 4.680 DT | +5.88 % | 34,862 shares, 104 trades | Increase accompanied by real activity |
| Hannibal Lease | 10.300 DT | +3.00 % | 318 shares, 2 trades | Low liquidity |
| Somocer | 0.730 DT | +2.82 % | 1,336 shares, 10 trades | Limited volume |
| Tuninvest-Sicar | 43.900 DT | +2.09 % | 5 shares, 1 trade | Very little representative movement |
| New Body Line | 3.240 DT | +1.57 % | 1 share, 1 trade | Purely symbolic movement |
The official ranking must therefore be distinguished from its economic significance: SIAME concentrates by far the most significant activity of the Top 5, while the performances of Tuninvest-Sicar and New Body Line rest on only a few titles.
Flop 5: OfficePlast leads the declines
| Value | Close | Variation | Activity | Liquidity reading |
|---|---|---|---|---|
| OfficePlast | 1.320 DT | −5.71 % | 11,701 shares, 54 trades | Decline accompanied by tangible volume |
| SITS | 4.100 DT | −4.43 % | 1,000 shares, 1 trade | Only one trade |
| Best Lease | 2.540 DT | −4.15 % | No trades executed | Downward bias |
| Sotemail | 1.280 DT | −3.76 % | No trades executed | Downward bias |
| Sotumag | 23.000 DT | −3.69 % | 13,981 shares, 60 trades | Decline further fueled by the trades |
Two stocks in this official Flop 5 recorded no transactions during the session. Best Lease and Sotemail are marked “B”: their displayed decline corresponds to a downward reservation, with no trade executed. They are therefore read differently from OfficePlast or Sotumag.
Why look at liquidity?
The ranking published by the stock exchange takes price variation into account. A stock may appear on the leaderboard based on a very small number of shares, or even without a trade executed when it is reserved. The number of shares and trades allows measuring the real depth of the move.
