BRVM Composite slips 0.13% as utilities jump 5.04%
The BRVM Composite fell 0.13% to 421.02 points on May 22, while the total return index rose 1.38% to 165.0 points and utilities surged 5.04% to 187.32 points. Telecommunications dropped 1.01% to 103.74 points, while the BRVM-30 edged up 0.03% to 197.61 points and the Principal index slipped 0.01% to 297.56 points. On the corporate front, SOLIBRA doubled its 2025 profit to CFA46 billion, according to Sika Finance. In financials, 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-finance guarantee facility, according to the African Development Bank Group.
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