BRVM ends up 0.2%, lifted by industrials and Coris Bank BF rebound
The BRVM Composite rose 0.2% to 410.43 points on April 3, while the BRVM Principal gained 0.95% to 289.37 and the BRVM Industrials index jumped 2.47% to 208.44. Coris Bank International Burkina posted a “sharp rebound,” according to Sika Finance, as Financial Afrik reported that its new headquarters rises 14 floors. Financials were broadly flat, with the BRVM Financial Services index up 0.09% at 178.17, while the BRVM-30 edged up 0.07% to 192.04. In the background, several market notices dated April 3 covered capital increases at BANK OF AFRICA BF, SN, ML and BN, while Orange CI called its annual general meeting.
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BRVM ends up 0.11%, led by utilities with a 2.55% gain
The BRVM Composite closed up 0.11% at 460.21 points, while the BRVM Composite Total Return rose 0.11% to 182.65 and the BRVM-30 added 0.24% to 216.67. Gains were led by utilities, up 2.55% to 238.69 points, and financial services, up 1.18% to 214.76, while telecommunications fell 1.53% to 107.83 and consumer discretionary dropped 1.85% to 203.0. In banking, Ecobank has extended its rerating with a 50% gain since mid-April, according to Sika Finance, while Coris Bank International has created its Cameroon unit and is still awaiting regulatory approval, Financial Afrik reports. In the background, Vista Group is seeking its next path after the failed Oragroup takeover, according to Jeune Afrique, while 4 Bank of Africa entities on the BRVM published capital increase notices on July 6.
BRVM (West Africa) — Dividends and Capital Raisings Dominate as Market Ends at 182.45
The BRVM ended the week nearly flat, with the BRVM Composite Total Return at 182.45 points (-0.07%). Dividend notices and a wave of Bank of Africa capital raisings shaped flows more than headline price moves.
BRVM ends little changed as Ecobank and Sonatel cushion losses
The BRVM Composite Total Return index slipped 0.07% to 182.45 points on July 3, while the BRVM Composite fell 0.18% to 459.7 points and the BRVM-30 was flat at 216.15 points. Losses were led by consumer staples, down 1.6% to 285.08 points, and discretionary consumption, down 0.88% to 206.83 points, while telecommunications rose 0.4% to 109.51 points. Sonatel had already supported the market on June 26, while SITAB’s dividend drew buyers, according to Sika Finance. Ecobank extended its rerating with a 50% gain since mid-April, according to Sika Finance, after reporting 2025 net profit in Gabon of 16 billion CFA francs, up 19% year on year, the same source said.