Ecobank supports BRVM as Composite rises 0.14% despite two weak pockets
The BRVM Composite rose 0.14% to 403.93 points on May 1, while the BRVM-30 gained 0.7% to 190.82 points and the Principal index fell 1.26% to 280.02 points. Trading was lifted by Utilities, up 2.19% to 151.05 points, and Telecommunications, up 1.54% to 103.03 points, even as Discretionary Consumption dropped 4.34% to 181.22 points and Staples fell 3.78% to 255.61 points. In financials, Ecobank drove the news flow with group net banking income up 11% in the first quarter of 2026, according to Financial Afrik, while Ecobank Côte d’Ivoire posted 13 billion CFA francs in first-quarter profit, according to Sika Finance. The stock story was also backed by a 10% rise in earnings per share in 2025, according to APAnews, and by the resumption of dividends after a record 2025 profit, Africtelegraph reported, while Afrimag said Ecobank Côte d’Ivoire outlined its ambitions for 2026.
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BRVM slips 0.16% as SOLIBRA earnings drive the session narrative
The BRVM Composite fell 0.16% to 420.33 points on May 26, with consumer staples down 1.08% to 263.8 points while industrials rose 0.69% to 186.14 points. SOLIBRA led corporate headlines after 2025 profit doubled to CFA46 billion and the company said it was continuing in 2026 the momentum of a record 2025, according to Sika Finance. In finance, Ecobank featured across several stories, with the group signing a memorandum of understanding with the AfCFTA Secretariat to support intra-African trade and SMEs, Financial Afrik reported, while La Tribune said it passed its international bond test. Ecobank Senegal also denied the authenticity of a bank statement circulating on social media, according to Senenews, as the financial services index slipped 0.32% to 190.84 points.