BRVM rises 0.69%, led by industrials at 1.91% and financials at 1.04%
The BRVM Composite rose 0.69% to 493.9 points on Aug. 11, while the BRVM Principal gained 1.3% to 375.43 and the BRVM-30 added 0.66% to 235.53. The advance was driven by industrials, up 1.91% to 216.84, utilities, up 1.72% to 231.04, and financials, up 1.04% to 240.95, while energy fell 0.45% to 162.43. Financial stocks drew support from Ecobank, whose first-half 2026 revenue rose 15% to $1.3 billion and pretax profit reached $423 million, according to leFaso.net, although net income of CFA167 billion was held back by risk costs, according to Sika Finance and Agence Ecofin. In telecoms, the sector index edged up just 0.12% to 114.9 despite Sonatel accounting for more than half of the CFA4 billion traded on Aug. 4, according to Sika Finance, after first-half revenue topped CFA1 trillion and profit reached CFA230 billion, Xalima and Sika Finance reported. Corporate actions also shaped the session, with 4 capital increases announced on Aug. 11 for Bank of Africa ML, BN, SN and BF, while SITAB goes ex-dividend at CFA1,707.2 on Aug. 12 and a notice flagged the suspension of the TPCI.O77 bond.
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BRVM (West Africa) — Telecoms Jump 5.63% as Dividends Lift Total Return 2.20%
The BRVM ended the week of August 17-21, 2026 with a 2.20% total return gain, driven by telecoms up 5.63% and a fresh wave of dividend announcements. Banks dominated turnover, while market breadth stayed mixed at 11 gainers versus 15 losers.
BRVM rises 0.75%, lifted by Sonatel and utilities up 3.94%
The BRVM Composite rose 0.75% to 519.59 points on Aug. 20, while the BRVM Composite Total Return reached 208.11 points, also up 0.75%. Utilities led the market with a 3.94% gain to 293.79 points, ahead of energy at 174.87 points (+2.79%) and telecommunications at 128.72 points (+1.59%). The advance extended the move flagged by Sika Finance on Aug. 19, which said Sonatel generated CFA190 billion and pushed the market to a new high. On the corporate front, Sika Finance said SITAB posted stable first-half 2026 profit of CFA18 billion, while Financial Afrik reported ETI cut its board to 12 members and removed directors' term limits.
BRVM rises 1.7% as Sonatel and utilities lift market to fresh high
BRVM Composite Total Return rose 1.7% to 206.56 points on Aug. 19, while the BRVM Composite gained 1.69% to 515.72 and the BRVM-30 added 1.95% to 247.63. The move was led by utilities, up 6.08% to 282.66, and telecommunications, up 4.28% to 126.71, as Sika Finance reported Sonatel generated 190 billion CFA francs and pushed the market to a fresh high. Energy fell 1.18% to 170.13, while financial services slipped 0.05% to 243.36. On the corporate side, Financial Afrik said Ecobank Transnational Incorporated cut its board to 12 members from 15 and removed directors' term limits, while Sika Finance reported SITAB posted stable first-half 2026 profit of 18 billion CFA francs.