Why the weight of a few stocks shapes how you read the BRVM Composite — and how to account for it.
## BRVM: Understanding the Indices
The **BRVM Composite** reflects all listed securities. But it is also a *concentrated market*:
- Banks and telecoms dominate trading volumes
- Liquidity is unevenly distributed across securities
- Fixing sessions structure trade flows
**Key takeaway:** always cross-check index performance against traded volumes before drawing conclusions.