BRVM falls 0.74% as Ecobank posts CFA167 billion in H1 net profit
The BRVM Composite fell 0.74% to 482.28 points and the total return index lost 0.69% to 192.75, with industrials leading declines at 4.56% to 200.22. Telecommunications dropped 1.54% to 111.9 and utilities lost 1.09% to 219.78, while energy rose 2.41% to 163.28. Ecobank reported net profit of CFA167 billion at end-June 2026, held back by Nigerian cost of risk despite double-digit growth, according to Sika Finance, Agence Ecofin, Financial Afrik and Capmad. SITAB also stayed in focus ahead of a net dividend of CFA1,707.2 going ex on August 12, 2026, amid debate over the sustainability of its yield, according to Sika Finance.
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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.