ORGT - Oragroup Togo

Sep 29, 2023 at 19:26 Twitter · Facebook

ORGT share price on BRVM Stock Exchange

Oragroup SA is a Pan-African banking group based in Lomé, Togo. Founded in 1988, the bank is currently operating in 12 countries across West and Central Africa, namely, Benin, Burkina Faso, Côte d’Ivoire, Gabon, Guinea Conakry, Guinea Bissau, Mali, Mauritania, Niger, Senegal, Chad, and Togo. With 139 bank branches and over 1,800 employees, Oragroup proposes to its legion of customers a wide range of banking products and services based on proximity and punctual responsiveness. In October 2018, Oragroup issued its Initial Public Offering (IPO) which was fully subscribed and helped raise XOF 56 billion. The company was consequently listed on the BRVM in April 2019. 20% of the company’s shareholding was floated while the remaining 80% was kept by the group’s other shareholders, with Emerging Capital Partners retaining a majority of 50%. The listing of Oragroup on the BRVM is the biggest IPO ever recorded on the bourse.

Oragroup Togo is listed on the BRVM Stock Exchange (BRVM) since February 16th, 2019. Oragroup Togo is traded on the BRVM under the ticker symbol “ORGT”. Oragroup Togo is currently the ninth most valuable stock on the BRVM with a market capitalization of XOF 187 billion, which makes about 2.39% of the BRVM Stock Exchange equity market.

ORGT Stock Market Performance

The current share price of Oragroup Togo (ORGT) is XOF 2,700. ORGT closed its last trading day (Friday, September 29, 2023) at 2,700 XOF per share on the BRVM Stock Exchange (BRVM), recording a 3.6% drop from its previous closing price of 2,800 XOF. Oragroup Togo began the year with a share price of 3,925 XOF but has since lost 31.2% off that price valuation, ranking it 42nd on the BRVM in terms of year-to-date performance. Shareholders’ fears may be allayed by the 8% increase of ORGT share price since August 31st, which is ninth best on BRVM.

Oragroup Togo is the 34th most traded stock on the BRVM Stock Exchange over the past three months (Jun 30 - Sep 29, 2023). ORGT has traded a total volume of 40,120 shares valued at XOF 100 million over the period, with an average of 637 traded shares per session. A volume high of 7,857 was achieved on August 25th for the same period. The table below details the last 10 trading days of activity of Oragroup Togo on the BRVM Stock Exchange.

Profile of Oragroup SA

Oragroup SA was founded on January 1, 1988 and operates in the Financials sector, specifically, the Banking industry. Oragroup SA contracts an estimated total number of 1,811 employees. The company's board of directors, chaired by Palouki Massina, is composed of six members whose names are listed below.

1. Massina, Palouki
   Chairman
2. Ngon, Ferdinand
   Board Member
3. Lodugnon, Brice
   Board Member
4. Mestrallet, Patrick
   Board Member
5. Klutse, Kwassi
   Board Member
6. Acouetey, Didier
   Board Member

ORGT Industrial Market Competitors

Oragroup SA, issuers of the ORGT stock on the BRVM Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange