BRVM rises 0.82%, lifted by industrials and consumer stocks
The BRVM Composite rose 0.82% to 409.59 points on May 13, while the BRVM Principal gained 1.89% to 287.08 points and the BRVM-30 added 0.54% to 193.2 points. The advance was led by industrials, up 3.09% to 188.39 points, and discretionary consumer stocks, up 4.19% to 180.08 points, while financial services climbed 0.76% to 182.61 points. In banking, Ecobank Côte d’Ivoire, Banque Nationale d’Investissement, Bank of Africa Côte d’Ivoire and Coris Bank International Côte d’Ivoire mobilised CFA200 billion to support PETROCI Holding in Baleine Phase 2, according to FratMat. Ecobank also unlocked $3 billion for intra-African trade, Africtelegraph reported.
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BRVM ends up 0.11%, led by utilities with a 2.55% gain
The BRVM Composite closed up 0.11% at 460.21 points, while the BRVM Composite Total Return rose 0.11% to 182.65 and the BRVM-30 added 0.24% to 216.67. Gains were led by utilities, up 2.55% to 238.69 points, and financial services, up 1.18% to 214.76, while telecommunications fell 1.53% to 107.83 and consumer discretionary dropped 1.85% to 203.0. In banking, Ecobank has extended its rerating with a 50% gain since mid-April, according to Sika Finance, while Coris Bank International has created its Cameroon unit and is still awaiting regulatory approval, Financial Afrik reports. In the background, Vista Group is seeking its next path after the failed Oragroup takeover, according to Jeune Afrique, while 4 Bank of Africa entities on the BRVM published capital increase notices on July 6.
BRVM (West Africa) — Dividends and Capital Raisings Dominate as Market Ends at 182.45
The BRVM ended the week nearly flat, with the BRVM Composite Total Return at 182.45 points (-0.07%). Dividend notices and a wave of Bank of Africa capital raisings shaped flows more than headline price moves.
BRVM ends little changed as Ecobank and Sonatel cushion losses
The BRVM Composite Total Return index slipped 0.07% to 182.45 points on July 3, while the BRVM Composite fell 0.18% to 459.7 points and the BRVM-30 was flat at 216.15 points. Losses were led by consumer staples, down 1.6% to 285.08 points, and discretionary consumption, down 0.88% to 206.83 points, while telecommunications rose 0.4% to 109.51 points. Sonatel had already supported the market on June 26, while SITAB’s dividend drew buyers, according to Sika Finance. Ecobank extended its rerating with a 50% gain since mid-April, according to Sika Finance, after reporting 2025 net profit in Gabon of 16 billion CFA francs, up 19% year on year, the same source said.