BRVM ends near flat as Sonatel and energy financing shape the session
The BRVM Composite slipped 0.05% to 402.38 points on April 27, while the BRVM-30 fell 0.55% to 188.77 and the BRVM Prestige lost 0.94% to 156.73. Support came from basic consumer stocks, up 1.97% to 268.45, and the main board, up 1.04% to 282.2, even as telecommunications dropped 0.85% to 100.81. Among issuers, Sonatel posted 7% first-quarter revenue growth and net profit of 114 billion CFA francs in the first quarter of 2026, according to Dabafinance and Sika Finance. On funding, FratMat reports that 4 banks, including Ecobank Côte d’Ivoire and Bank of Africa Côte d’Ivoire, are mobilising 200 billion CFA francs for PETROCI Holding in Baleine Phase 2, while La Tribune says Ecobank wants to raise $500 million in a selective Africa eurobond market.
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The BRVM Composite rose 0.77% to 479.46 points and the BRVM Composite Total Return gained 0.77% to 190.29 points, led by industrials, which jumped 3.39% to 208.27 points. Sonatel underpinned the market after topping 31,000 CFA francs, while GCR raised its credit rating to the region's highest level, according to Sika Finance and Dabafinance, and the telecommunications index climbed 1.49% to 111.1 points. Ecobank stayed in focus after its stock hit a 10-year high, more than 1.5 billion CFA francs was committed to ECOBANK CI trading, and the EBRD provided 15 million euros, or nearly 10 billion CFA francs, for trade in Senegal, according to Dabafinance, Sika Finance, APAnews and LeQuotidien.sn. Gains were capped by utilities, which fell 1.84% to 225.69 points, while energy added 0.83% to 169.42 points and consumer discretionary rose 2.51% to 194.68 points.