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) — SITAB Draws XOF 238.3m Turnover, Gains 1.4% in a Hesitant Market
SITAB Côte d’Ivoire led BRVM trading with XOF 238.3 million in turnover and a 1.4% gain on June 24, 2026. The move into a defensive industrial name contrasted with a 0.39% drop in the BRVM Composite and weakness in telecoms led by Sonatel.
BRVM (West Africa) — Africa Global Logistics Rises 1.7% as BRVM Slips 0.33%
Africa Global Logistics Côte d’Ivoire rose 1.7% to 2,440 XOF on 134.9 million XOF in turnover even as the BRVM Composite fell 0.33%. The stock stood out in a market split between weaker financials and a sharp rebound in industrial names.
BRVM Composite slips 0.33% as industrials jump 2.81%
The BRVM Composite fell 0.33% to 443.85 points on June 23, while the BRVM Composite Total Return lost 0.33% to 175.71 points. The decline was led by financials, down 0.63% to 201.92 points, and consumer staples, off 0.81% to 279.58 points, while industrials jumped 2.81% to 221.17 points. On the corporate front, Alain Nkontchou became Ecobank's largest shareholder, according to Afrimag, while Coris Bank International Chad is negotiating a $10 million guarantee line with IFC, according to Sika Finance. In consumer names, Sika Finance reports questions around SOLIBRA's record profits, as the discretionary consumption index slipped 0.79% to 202.84 points.