BRVM slips 0.35% as Sonatel and Ecobank dominate H1 narrative
The BRVM Composite fell 0.35% to 492.16 points and the BRVM Composite Total Return lost 0.19% to 197.02 points, while the BRVM-30 dropped 0.55% to 234.24 points. The decline was led by financials, down 1.27% to 237.89 points, despite Ecobank’s 15% revenue growth to $1.3 billion and first-half 2026 pre-tax profit of $423 million, according to leFaso.net and Sika Finance, with earnings still constrained by Nigerian risk costs, according to Agence Ecofin. By contrast, utilities rose 1.85% to 235.31 points and telecommunications added 0.51% to 115.49 points, as Sonatel accounted for more than half of the 4 billion CFA francs traded on Aug. 4, according to Sika Finance, after first-half revenue topped 1 trillion CFA francs and profit reached 230 billion CFA francs, according to Xalima and Sika Finance. Sonatel also aims for 1 million fiber-eligible customers by end-2026 and is positioning its second half around 5G, digital services and AI, reported Socialnetlink and La Tribune, while SITAB went ex-dividend at 1,707.2 CFA francs on Aug. 12, according to analyst reports.
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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.