BRVM closes down 0.7% at 413.71 points
The BRVM recorded a general decline of 0.7% in its composite index to 413.71 points. The discretionary consumption (-2,41%) and financial services (-0,86%) sectors particularly dragged the index down. Ecobank announced a 194% increase in loans to women-led businesses, according to Financial Afrik, while several capital increases were notified for BANK OF AFRICA.
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BRVM (West Africa) — SITAB Jumps 1.8% as Discretionary Stocks Surge 4.84%
SITAB Côte d’Ivoire posted the BRVM’s top gain of 1.8% at 22,500 XOF as discretionary consumption stocks surged 4.84%. The move stood out against a broader market rise of just 0.23%, pointing to selective rotation into domestic names.
BRVM rises 0.23% as financials advance despite a 3.71% utilities drop
The BRVM Composite rose 0.23% to 436.51 points on June 17, while the BRVM Principal added 0.64% to 312.22 and the BRVM-30 gained 0.29% to 204.23. The move was driven by discretionary consumption, up 4.84% to 208.56 points, and financial services, up 0.4% to 199.3 points, even as utilities fell 3.71% to 214.48 points. In regional banking, Ecobank Centrafrique raised its capital to $28 million and is targeting the Cobac threshold, according to Agence Ecofin, while Coris Bank International Chad is negotiating a $10 million guarantee line with IFC, according to Sika Finance. Separately, NAB Consulting said it finalized a 250 million euro structured financing for the State of Niger, co-arranged with Coris Bank Niger and secured from Afreximbank, Financial Afrik reported.
BRVM slips 0.24% as industrials jump 2.96%
The BRVM Composite fell 0.24% to 435.52 points on June 16, while the BRVM Composite Total Return lost 0.24% to 172.12 and the BRVM-30 slipped 0.21% to 203.64. The decline came with a 0.43% drop in financials to 198.5 points and a 1.35% fall in energy to 152.22 points, despite a 2.96% jump in industrials to 217.03 and a 1.8% rise in consumer discretionary to 198.94. On the corporate front, BANK OF AFRICA BF, BN, SN and ML published capital increase notices on June 16, according to analyst reports. Outside the BRVM listing, Ecobank Centrafrique raised its capital to $28 million and aims for the Cobac threshold, according to Agence Ecofin, while NAB Consulting announced a 250 million euro structured financing for the State of Niger, co-arranged with Coris Bank Niger and secured from Afreximbank, Financial Afrik reported.