BRVM slips 0.69% as telecoms and industrials weigh
The BRVM Composite fell 0.69% to 403.36 points on March 30, after a 1.07% gain in the week of March 23-27, according to a March 27 analyst report. The pullback was led by telecommunications, down 1.8% to 101.1 points, and industrials, off 1.5% to 202.72 points, while the BRVM-30 lost 1.16% to 189.0 points and the Prestige index dropped 1.11% to 159.02 points. In contrast, staples rose 1.0% to 266.98 points and energy added 0.39% to 148.64 points, while the Principal index edged up 0.1% to 280.15 points. On the corporate front, Sika Finance said in week 11 that the market was taking a breather, with Total CI and CFAO Motors CI standing out, while Financial Afrik reported on March 26 that Coris Bank Togo is focusing on digital banking and instant payments and Jeune Afrique said on March 23 that Ecobank is changing shareholder without changing strategy.
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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.
BRVM rises 0.73%, lifted by 3.4% discretionary gains and Ecobank headlines
The BRVM Composite rose 0.73% to 449.82 points and the BRVM-30 gained 0.9% to 211.17, with discretionary consumption leading at 3.4% while utilities slipped 0.08%. Financials added 0.44% to 205.14 points as Ecobank dominated the news flow, with the group approving CFA22.5 billion in dividends and Ecobank Transnational Incorporated paying out $40 million, according to APS and Financial Afrik. The sector narrative stayed focused on capital and balance-sheet strengthening, with Ecobank Central African Republic raising capital to $28 million and aiming for the Cobac threshold, while Ecobank Nigeria confirmed a recovery plan, according to Agence Ecofin. Financing headlines also underpinned the tone, with Ecobank funding $3 billion in intra-African trade, Ecobank Ghana raising $200 million to expand the Sentuo Oil refinery, and Coris Bank International Chad negotiating a $10 million IFC guarantee line, according to Agence Ecofin, energynews.pro and Sika Finance.
BRVM (West Africa) — SITAB Draws XOF 238.3m Turnover, Gains 1.4% in a Hesitant Market
SITAB Côte d’Ivoire led BRVM trading with XOF 238.3 million in turnover and a 1.4% gain on June 24, 2026. The move into a defensive industrial name contrasted with a 0.39% drop in the BRVM Composite and weakness in telecoms led by Sonatel.