BRVM: Industrials plunge 3.15% despite 7-week market rally
The BRVM Industrials index plunged 3.15% to 202.22 points on March 9, bucking the broader market's bullish trend. The exchange extended its rally to a seventh consecutive week with the BRVM Composite rising 0.55% to 413.71, according to Dabafinance. Solibra Côte d'Ivoire recorded the week's strongest gain and hit a record level, reports L'economiste du faso. The financial sector advanced 1.28% while Sonatel distributed 174 billion FCFA in dividends after its best year, per Financial Afrik.
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BRVM rises 0.17%, financials add 0.54% after fresh market high
The BRVM Composite rose 0.17% to 530.07 on Aug. 25, while the BRVM Composite Total Return gained 0.17% to 213.06 and the BRVM-30 added 0.19% to 256.23. Financials climbed 0.54% to 245.54 and utilities rose 0.53% to 286.25, offsetting a 1.61% drop in industrials to 219.4, after Sonatel booked CFA190 billion and pushed the market to a fresh high, according to Sika Finance. Ecobank Transnational Incorporated cut its board to 12 members and removed directors' term limits, according to Financial Afrik, while Africa Intelligence reports Ecobank is fighting back after a first-instance ruling in Cameroon in its dispute with Wadivo. On earnings, SITAB posted stable first-half profit of CFA18 billion despite higher activity, according to Sika Finance, while analyst notes dated Aug. 25 flagged capital increases at Bank of Africa units in Senegal, Benin, Burkina Faso and Mali.
BRVM rises 0.17% as Sonatel and financials support the market
The BRVM Composite Total Return rose 0.17% to 213.06 points and the BRVM-30 added 0.19% to 256.23 points, while the Principal index gained 0.66% to 385.35 points. Financials climbed 0.54% to 245.54 points and utilities rose 0.53% to 286.25 points, extending momentum flagged by Sika Finance after Sonatel booked CFA190 billion and pushed the market to a fresh high on Aug. 19. Industrials fell 1.61% to 219.4 points, even as SITAB reported stable first-half profit of CFA18 billion despite higher activity, according to Sika Finance. On governance, ETI cut its board to 12 members and removed directors’ term limits, according to Financial Afrik, while 4 Bank of Africa units announced capital increases on Aug. 24, according to analyst reports.
BRVM (West Africa) — Telecoms Jump 5.63% as Dividends Lift Total Return 2.20%
The BRVM ended the week of August 17-21, 2026 with a 2.20% total return gain, driven by telecoms up 5.63% and a fresh wave of dividend announcements. Banks dominated turnover, while market breadth stayed mixed at 11 gainers versus 15 losers.