BRVM Composite slips 0.13% as utilities jump 5.04%
The BRVM Composite fell 0.13% to 421.02 points on May 22, while the total return index rose 1.38% to 165.0 points and utilities surged 5.04% to 187.32 points. Telecommunications dropped 1.01% to 103.74 points, while the BRVM-30 edged up 0.03% to 197.61 points and the Principal index slipped 0.01% to 297.56 points. On the corporate front, SOLIBRA doubled its 2025 profit to CFA46 billion, according to Sika Finance. In financials, Ecobank finalized a $208 million buyback offer on its 2031 bonds, according to Investing.com France, while the African Development Bank and Ecobank Centrafrique signed a 5 million euro trade-finance guarantee facility, according to the African Development Bank Group.
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BRVM (West Africa) — Utilities Jump 3.82% as Dividend Wave Lifts the Market
The BRVM closed higher on June 18, 2026, with the BRVM Composite Total Return at 173.66 points, up 0.67%, while Utilities surged 3.82%. Dividend announcements from BICI CI, Ecobank Transnational and PALM CI helped support sentiment.
BRVM (West Africa) — SITAB Jumps 1.8% as Discretionary Stocks Surge 4.84%
SITAB Côte d’Ivoire posted the BRVM’s top gain of 1.8% at 22,500 XOF as discretionary consumption stocks surged 4.84%. The move stood out against a broader market rise of just 0.23%, pointing to selective rotation into domestic names.
BRVM rises 0.23% as financials advance despite a 3.71% utilities drop
The BRVM Composite rose 0.23% to 436.51 points on June 17, while the BRVM Principal added 0.64% to 312.22 and the BRVM-30 gained 0.29% to 204.23. The move was driven by discretionary consumption, up 4.84% to 208.56 points, and financial services, up 0.4% to 199.3 points, even as utilities fell 3.71% to 214.48 points. In regional banking, Ecobank Centrafrique raised its capital to $28 million and is targeting the Cobac threshold, according to Agence Ecofin, while Coris Bank International Chad is negotiating a $10 million guarantee line with IFC, according to Sika Finance. Separately, NAB Consulting said it finalized a 250 million euro structured financing for the State of Niger, co-arranged with Coris Bank Niger and secured from Afreximbank, Financial Afrik reported.