BRVM edges lower as energy rises 1.22% amid Ecobank-driven headlines
The BRVM Composite fell 0.14% to 436.06 points and the BRVM-30 lost 0.38% to 204.01 points on June 9, while the energy index rose 1.22% to 152.3 points, according to market data. Financials slipped 0.41% to 199.62 points as Ecobank dominated headlines, approving CFA22.5 billion in dividends, according to APS, while Ecobank TI paid $40 million in dividends, Financial Afrik reported. The group also confirmed a turnaround plan for its undercapitalized Nigerian unit, according to Agence Ecofin, while increasing the number of profitable African subsidiaries from 15 to 25 in 4 years, the same source said. Agence Ecofin also said the UMOA banking commission approved Bosquet’s entry into Ecobank’s capital, while the group said it had financed $3 billion in intra-African trade.
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BRVM (West Africa) — Up 0.66% Through Aug. 7 as Industrials Jump 3.76% and Energy Slips
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BRVM rises 0.66% as Ecobank posts 15% H1 revenue growth
The BRVM Composite rose 0.66% to 485.48 points, led by industrials up 3.76%, while energy fell 2.68% to 158.91 points. Telecommunications gained 1.32% to 113.38 points and utilities added 1.47% to 223.01 points, as the BRVM-30 advanced 0.79% to 231.22 points. Ecobank sustained solid momentum in the first half of 2026, with revenue up 15% to $1.3 billion and pre-tax profit reaching $423 million, according to leFaso.net and based on the July 31 earnings-call transcript reported by Zonebourse. On income stocks, SITAB remained in focus ahead of a net dividend of CFA1,707.2 with an ex-date of August 12, 2026, while Sika Finance on July 31 questioned whether the stock still offers a credible yield case.