BRVM rises 0.95%, lifted by SONATEL and financials
The BRVM Composite rose 0.95% to 474.92 points on July 10, while the BRVM-30 gained 1.28% to 225.0 and the Principal index added 1.51% to 353.81. The move was led by financials, up 1.91% to 228.59, and telecommunications, up 1.14% to 111.03, while energy fell 1.23% to 165.93 and consumer staples dropped 1.9% to 283.48. SONATEL crossed the historic 31,000 CFA franc mark and pulled the market higher, according to Sika Finance. On the financing side, the EBRD granted nearly 10 billion CFA francs to Ecobank Senegal for the start of its activities in Senegal, according to LeQuotidien.sn, after a 15 million euro trade facility reported on July 9 by APAnews.
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