BRVM slips 0.4% as energy drops 2.9% despite Sonatel strength
The BRVM Composite fell 0.4% to 400.91 points on April 22, while the BRVM Composite Total Return lost 0.29% to 154.55 and the BRVM Principal dropped 1.12% to 277.19. The decline was led by energy, down 2.9% to 134.48, alongside financials, off 0.81% at 175.85, and industrials, down 0.85% to 190.94. In contrast, telecommunications rose 0.29% to 101.97 after Sonatel posted 7% growth in consolidated first-quarter 2026 revenue, while the group reported profit of 114 billion CFA francs, according to Financial Afrik and Sika Finance. At the same time, Ecobank wants to raise $500 million and test the eurobond market, which La Tribune said remains selective toward Africa.
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Sonatel and Ecobank lift BRVM, Composite rises 0.18%
The BRVM Composite rose 0.18% to 475.78 points on July 13, while the BRVM Principal gained 1.40% to 358.77 points, with financials up 1.30% to 231.57 points and energy up 1.26% to 168.02 points. Sonatel underpinned the move after topping 31,000 CFA francs, according to Sika Finance, following the confirmation and then upgrade of its credit rating to the region's highest level, according to Capmad and Dabafinance, even as the telecoms index fell 1.41% to 109.47 points. Ecobank also drove trading, with ECOBANK CI drawing more than 1.5 billion CFA francs in orders, according to Sika Finance, while the group's stock hit a 10-year high on the BRVM on returning dividends, according to Dabafinance, and the EBRD granted nearly 10 billion CFA francs, or 15 million euros, to Ecobank Senegal, according to LeQuotidien.sn and APAnews. Newsflow also stayed active with Ecobank listing the first Nature bond by a commercial bank in London, reports Financial Afrik, Sonatel inaugurating its OneWeb Gateway in Gandoul, according to LeQuotidien.sn, and 4 Bank of Africa capital increase notices dated July 13 in analyst reports.
Gandoul renoue avec son rôle stratégique : La Sonatel inaugure sa Gateway OneWeb et renforce le hub numérique du Sénégal - LeQuotidien.sn
Gandoul renoue avec son rôle stratégique : La Sonatel inaugure sa Gateway OneWeb et renforce le hub numérique du Sénégal LeQuotidien.sn
BRVM (West Africa) — BOA Capital Raisings Reignite Banks as Composite Adds 0.95%
BRVM closed on July 10, 2026 up 0.95%, led by financials (+1.91%) after fresh BOA subsidiary capital-raising announcements. Telecoms also helped, while energy (-1.23%) and consumer staples (-1.90%) capped the advance.