BRVM slips 0.39% as discretionary stocks tumble 4.34%
The BRVM Composite fell 0.39% to 442.11 points on June 24, while the BRVM-30 lost 0.37% to 207.05 and discretionary consumer stocks slumped 4.34% to 194.04. Utilities capped the decline with a 1.51% rise to 226.72 points, ahead of financials at 202.76 points, up 0.42%, as banking headlines dominated the tape. According to Agence Ecofin, Ecobank approved CFA22.5 billion in dividends, increased the number of profitable African subsidiaries from 15 to 25 in 4 years and confirmed a turnaround plan for its undercapitalized Nigerian unit, while Afrimag reported that Alain Nkontchou became the group's top shareholder. Analyst notes dated June 24 also showed capital increases at Bank of Africa BF, BN, ML and SN, adding to momentum in financial names on a day when the sector index rose 0.42%.
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BRVM (West Africa) — Up 0.66% Through Aug. 7 as Industrials Jump 3.76% and Energy Slips
The BRVM rose 0.66% in the week through Friday, Aug. 7, 2026, led by a 3.76% jump in industrials even as energy fell 2.68%. Dividend notices and firmer commodity prices helped support the regional market.
BRVM (West Africa) — Africa Global Logistics Draws XOF 145.7m as Industrials Rebound 3.76%
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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.