BRVM ends little changed as Ecobank and Sonatel cushion losses
The BRVM Composite Total Return index slipped 0.07% to 182.45 points on July 3, while the BRVM Composite fell 0.18% to 459.7 points and the BRVM-30 was flat at 216.15 points. Losses were led by consumer staples, down 1.6% to 285.08 points, and discretionary consumption, down 0.88% to 206.83 points, while telecommunications rose 0.4% to 109.51 points. Sonatel had already supported the market on June 26, while SITAB’s dividend drew buyers, according to Sika Finance. Ecobank extended its rerating with a 50% gain since mid-April, according to Sika Finance, after reporting 2025 net profit in Gabon of 16 billion CFA francs, up 19% year on year, the same source said.
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BRVM (West Africa) — Dividends and Capital Raisings Dominate as Market Ends at 182.45
The BRVM ended the week nearly flat, with the BRVM Composite Total Return at 182.45 points (-0.07%). Dividend notices and a wave of Bank of Africa capital raisings shaped flows more than headline price moves.
BRVM rises 0.67% as SONATEL and financials set the pace
The BRVM Composite rose 0.67% to 460.55 points on July 2, while the BRVM-30 added 0.71% to 216.15 points and the BRVM Principal gained 0.86% to 334.37 points. Financials led the move with a 0.91% rise to 212.47 points, ahead of industrials at 0.81% to 218.4 points, in a market already supported in late June by SONATEL and SITAB’s dividend appeal, according to Sika Finance. Telecommunications advanced 0.48% to 109.07 points, while utilities slipped 0.12% to 232.76 points, according to market data. In the background, the Ecobank story remained active with 22.5 billion CFA francs in approved dividends, $40 million paid by Ecobank TI and Ecobank Gabon’s 2025 net profit of 16 billion CFA francs, up 19%, according to APS, Financial Afrik and Sika Finance.
BRVM (West Africa) — STAC Jumps 1.7% in a Split Market as Energy Index Surges 3.32%
STAC posted the BRVM’s top gain of the day, rising 1.7% to 3,550 XOF in a market split between 15 advancers and 16 decliners. A 3.32% jump in the energy index and firmer commodity prices helped support sentiment toward cyclical Ivory Coast names.