BRVM flat at 411.59 (-0.1%) despite industrials plunge (-3.85%)
The BRVM closed nearly flat at 411.59 points, down 0.1%. The industrials sector plunged 3.85%, while financial services gained 0.77% and energy rose 1.9%. Jeune Afrique reports on Brelotte Ba's appointment to revive mobile money at Sonatel. Meanwhile, a series of notices indicate capital increases are underway within BANK OF AFRICA subsidiaries.
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BRVM (West Africa) — Energy Leads at +0.43% as PALM CI and Coris Set Key Dividend Dates
BRVM ended the week with little momentum, as the BRVM Composite Total Return closed at **172.54** (-0.03%), while energy (+0.43%) and consumer staples (+0.36%) held up. Dividend announcements from PALM CI and Coris Bank gave investors a clearer catalyst in a market otherwise dominated by capital operations.
BRVM ends little changed as financials weigh despite banking headlines
BRVM Composite Total Return slipped 0.03% to 172.54 points on June 12, while the BRVM Composite fell 0.09% to 436.6 and the BRVM-30 lost 0.07% to 203.69. Financial services dropped 0.44% to 199.71, the session's weakest sector, even as analyst notes dated June 12 flagged capital increases at Bank of Africa BF, ML, BN and SN. In company news, Coris Bank International highlighted nearly 29 billion CFA francs in 2025 dividends due to shareholders, rapporte Financial Afrik, while Ecobank raised $450 million through a Nature-Bond, selon Afrimag, and confirmed a turnaround plan for its undercapitalised Nigerian unit, d'après Agence Ecofin. Elsewhere, energy rose 0.43% to 154.99 as Ecobank Ghana raised $200 million to expand the Sentuo Oil refinery, according to energynews.pro.
BRVM (West Africa) — Sucrivoire Jumps 1.8% as Market Slips, Energy Index Surges 1.8%
Sucrivoire posted the session’s top gain at 2,900 XOF in a mixed BRVM market, with energy up 1.8% while the composite index slipped 0.1%. Rotation into industrial and consumer names only partly offset weakness in financials and telecoms.