Ecobank leads a flat BRVM as utilities jump 3.68%
The BRVM Composite was flat at 403.38 points and the Total Return index edged up 0.01% to 155.51, while the BRVM Principal rose 1.22% to 283.6 and the BRVM-30 fell 0.43% to 189.49. Trading showed a sharp sector split, with utilities up 3.68% to 147.82 and consumer staples gaining 2.46% to 265.66, against a 2.41% drop in consumer discretionary to 189.45 and a 0.99% decline in telecommunications to 101.47. On the corporate front, Ecobank Côte d’Ivoire approved record 2025 results and outlined its 2026 ambitions, according to Afrimag, while Ecobank Transnational Incorporated released its first-quarter 2026 results, according to Zonebourse. Separately, Ecobank Group plans to raise $500 million to refinance debt, Dabafinance reported, while Ecobank Côte d’Ivoire, BNI, Bank of Africa Côte d’Ivoire and Coris Bank International Côte d’Ivoire mobilised 200 billion CFA francs to support PETROCI Holding on Baleine Phase 2, according to FratMat.
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BRVM (West Africa) — SDCC Jumps 1.8% as Utilities Surge 3.46% on BRVM
SDCC Côte d’Ivoire rose 1.8% to 11,200 XOF on May 20, 2026, as BRVM utilities jumped 3.46%. The move came with the BRVM Composite Total Return up 0.50% and market breadth firmly positive at 16 gainers versus 6 losers.
BRVM rises 0.5%, lifted by utilities and SOLIBRA
The BRVM Composite rose 0.5% to 418.16 points, while the BRVM Composite Total Return gained 0.5% to 161.45 points, with utilities leading sector gains at 3.46%, according to market data. SOLIBRA reported 2025 profit of CFA46 billion, up 2-fold from 1 year earlier, Sika Finance reported, as consumer staples added 0.72% to 260.41 points. Financials climbed 1.21% to 190.33 points as Ecobank finalized a $208 million buyback offer on its 2031 notes, according to Investing.com France, and the African Development Bank and Ecobank Centrafrique signed a 5 million euro trade-finance guarantee facility, the AfDB Group said. Telecoms fell 0.4% to 104.29 points and energy slipped 0.33% to 141.45 points, while Agridigitale highlighted financial solutions tailored to Africa's agricultural sector.
BRVM rises 0.4% as Ecobank advances $208 million bond buyback
The BRVM Composite rose 0.4% to 416.07 points on May 19, while the BRVM Composite Total Return gained 0.4% to 160.64 and the BRVM-30 added 0.32% to 196.4. Utilities led the move, up 1.64% to 164.79, and financial services climbed 0.76% to 188.05, while energy slipped 0.18% to 141.92 and consumer staples fell 0.38% to 258.55. Ecobank finalized a $208 million buyback offer on its 2031 bonds, according to Investing.com France, while the African Development Bank and Ecobank Centrafrique signed a 5 million euro trade transaction guarantee facility, according to the African Development Bank Group. On the market, FIDELIS FINANCE - PME ELAN CROISSANCE UMOA 2 - 7% 2025-2030 made its first listing on May 19, while BANK OF AFRICA BF and BANK OF AFRICA BN announced capital increases, according to analyst reports.