BRVM: Composite down 0.72% despite BOA capital increases
The BRVM Composite closed at 408.62 points, down 0.72% on March 20. The industrial sector dropped 2.08%, while public services gained 1.92%. A wave of capital increases by BANK OF AFRICA is underway across multiple subsidiaries, per analyst reports. Coris Bank International is preparing to enter Cameroon to strengthen banking offerings, reports Investir au Cameroun.
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BRVM rises 0.17%, financials add 0.54% after fresh market high
The BRVM Composite rose 0.17% to 530.07 on Aug. 25, while the BRVM Composite Total Return gained 0.17% to 213.06 and the BRVM-30 added 0.19% to 256.23. Financials climbed 0.54% to 245.54 and utilities rose 0.53% to 286.25, offsetting a 1.61% drop in industrials to 219.4, after Sonatel booked CFA190 billion and pushed the market to a fresh high, according to Sika Finance. Ecobank Transnational Incorporated cut its board to 12 members and removed directors' term limits, according to Financial Afrik, while Africa Intelligence reports Ecobank is fighting back after a first-instance ruling in Cameroon in its dispute with Wadivo. On earnings, SITAB posted stable first-half profit of CFA18 billion despite higher activity, according to Sika Finance, while analyst notes dated Aug. 25 flagged capital increases at Bank of Africa units in Senegal, Benin, Burkina Faso and Mali.
BRVM rises 0.17% as Sonatel and financials support the market
The BRVM Composite Total Return rose 0.17% to 213.06 points and the BRVM-30 added 0.19% to 256.23 points, while the Principal index gained 0.66% to 385.35 points. Financials climbed 0.54% to 245.54 points and utilities rose 0.53% to 286.25 points, extending momentum flagged by Sika Finance after Sonatel booked CFA190 billion and pushed the market to a fresh high on Aug. 19. Industrials fell 1.61% to 219.4 points, even as SITAB reported stable first-half profit of CFA18 billion despite higher activity, according to Sika Finance. On governance, ETI cut its board to 12 members and removed directors’ term limits, according to Financial Afrik, while 4 Bank of Africa units announced capital increases on Aug. 24, according to analyst reports.
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.