BRVM rises 1.07%, led by consumer and telecom stocks
The BRVM Composite rose 1.07% to 406.18 points on March 27, after a 0.90% drop flagged in analyst notes on March 26. Consumer staples led gains with a 1.94% rise to 264.33 points, ahead of telecommunications up 1.86% at 102.95 points, as Sonatel faces competition from Wave, according to SenePlus. Sika Finance said week 11 showed a market taking a breather, with Total CI and CFAO Motors CI standing out, while discretionary consumption still slipped 0.06% to 196.19 points. In financials, Ecobank is changing shareholder without changing strategy, according to Jeune Afrique, while the financial services index added only 0.31% to 177.05 points.
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BRVM ends flat as Ecobank and banks dominate the newsflow
The BRVM Composite rose 0.05% to 450.04 points and the BRVM Composite Total Return added 0.16% to 178.42, while the BRVM-30 slipped 0.03% to 211.11 points. Gains were led by energy at 1.67%, utilities at 1.63% and financials at 0.78%, while telecommunications fell 1.28% and industrials lost 0.87%. Newsflow was dominated by Ecobank, with a 22.5 billion CFA franc dividend approved, according to APS, a $450 million nature bond, according to Agence Ecofin, and 25 profitable subsidiaries versus 15 four years earlier, according to the same source. In the same sector, Ecobank Gabon posted 2025 net profit of 16 billion CFA francs, up 19% year on year, according to Sika Finance, while Coris Bank International Chad is negotiating a $10 million IFC guarantee line, Sika Finance reported.
BRVM : Le dividende de SITAB séduit, SONATEL soutient les indices - Sika Finance
BRVM : Le dividende de SITAB séduit, SONATEL soutient les indices Sika Finance
BRVM (West Africa) — Bank Capital Raisings Steer a 22-Advancer Week Across 47 Stocks
BRVM ended the week of June 22-26, 2026 with broader strength than headline index moves suggest, as 22 of 47 stocks advanced and trading clustered in banks. Capital raising notices from several Bank of Africa subsidiaries sharpened focus on financials, while consumer discretionary posted the strongest sector gain.