BRVM rises 0.5%, lifted by utilities and SOLIBRA
The BRVM Composite rose 0.5% to 418.16 points, while the BRVM Composite Total Return gained 0.5% to 161.45 points, with utilities leading sector gains at 3.46%, according to market data. SOLIBRA reported 2025 profit of CFA46 billion, up 2-fold from 1 year earlier, Sika Finance reported, as consumer staples added 0.72% to 260.41 points. Financials climbed 1.21% to 190.33 points as Ecobank finalized a $208 million buyback offer on its 2031 notes, according to Investing.com France, and the African Development Bank and Ecobank Centrafrique signed a 5 million euro trade-finance guarantee facility, the AfDB Group said. Telecoms fell 0.4% to 104.29 points and energy slipped 0.33% to 141.45 points, while Agridigitale highlighted financial solutions tailored to Africa's agricultural sector.
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BRVM rises 1.42% as telecoms and financials offset industrial slump
The BRVM Composite rose 1.42% to 470.48 points and the BRVM-30 gained 2.05% to 222.2 points, lifted by telecommunications at 110.94 points (+3.01%) and financial services at 222.86 points (+2.36%). The advance masked sharp declines in industrials at 203.72 points (-4.95%), energy at 166.45 points (-3.55%) and utilities at 232.53 points (-2.58%). On the corporate front, Ecobank confirmed a 50 FCFA revaluation, according to Sika Finance, while GCR upgraded Sonatel’s long-term rating, reports Leral.net. In banking, Coris Bank International created a Cameroon unit with 26 billion FCFA and is still awaiting regulatory approval, according to Africtelegraph and Financial Afrik, after inaugurating a new headquarters in Burkina Faso worth more than 19 billion FCFA, Sika Finance reported.