BRVM slips 0.14% as Oragroup stays atop banking stocks
The BRVM Composite fell 0.14% to 406.38 points on April 10, while the BRVM-30 also lost 0.14% to 191.68 points. The decline was led by discretionary consumption, down 1.34% to 196.29 points, and utilities, off 0.95% to 140.26 points, while energy rose 0.46% to 143.01 points. Financials edged up 0.06% to 177.88 points as Oragroup remained the top-performing banking stock, rapporte Financial Afrik. In Burkina Faso, Coris Bank International inaugurated a new headquarters in Koulouba, Ouagadougou, according to leFaso.net and APAnews, while 4 Bank of Africa units, including BOA BF and BOA SN, published capital increase notices dated April 10.
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BRVM rises 0.8% as financials gain 1.38% on Ecobank and Coris updates
The BRVM Composite rose 0.8% to 463.89 points on July 7, led by financials up 1.38% to 217.73 points, while energy gained 2.31% to 172.57 points. Industrials fell 1.91% to 214.33 points and consumer discretionary dropped 4.51% to 193.85 points, according to BRVM market data. Ecobank confirmed its revaluation to 50 CFA francs, Sika Finance reported, while Jeune Afrique said Vista Group is seeking a new path after the failed Oragroup takeover. Coris Bank International created a Cameroon unit with 26 billion CFA francs and is still awaiting regulatory approval, according to Financial Afrik and Africtelegraph, after inaugurating a new headquarters in Burkina Faso worth more than 19 billion CFA francs, Sika Finance reported. SONATEL also secured an upgrade to its long-term rating by GCR, Leral.net reported.