Sonatel and Ecobank lift BRVM, Composite rises 0.18%
The BRVM Composite rose 0.18% to 475.78 points on July 13, while the BRVM Principal gained 1.40% to 358.77 points, with financials up 1.30% to 231.57 points and energy up 1.26% to 168.02 points. Sonatel underpinned the move after topping 31,000 CFA francs, according to Sika Finance, following the confirmation and then upgrade of its credit rating to the region's highest level, according to Capmad and Dabafinance, even as the telecoms index fell 1.41% to 109.47 points. Ecobank also drove trading, with ECOBANK CI drawing more than 1.5 billion CFA francs in orders, according to Sika Finance, while the group's stock hit a 10-year high on the BRVM on returning dividends, according to Dabafinance, and the EBRD granted nearly 10 billion CFA francs, or 15 million euros, to Ecobank Senegal, according to LeQuotidien.sn and APAnews. Newsflow also stayed active with Ecobank listing the first Nature bond by a commercial bank in London, reports Financial Afrik, Sonatel inaugurating its OneWeb Gateway in Gandoul, according to LeQuotidien.sn, and 4 Bank of Africa capital increase notices dated July 13 in analyst reports.
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Gandoul renoue avec son rôle stratégique : La Sonatel inaugure sa Gateway OneWeb et renforce le hub numérique du Sénégal - LeQuotidien.sn
Gandoul renoue avec son rôle stratégique : La Sonatel inaugure sa Gateway OneWeb et renforce le hub numérique du Sénégal LeQuotidien.sn
BRVM (West Africa) — BOA Capital Raisings Reignite Banks as Composite Adds 0.95%
BRVM closed on July 10, 2026 up 0.95%, led by financials (+1.91%) after fresh BOA subsidiary capital-raising announcements. Telecoms also helped, while energy (-1.23%) and consumer staples (-1.90%) capped the advance.
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.