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.
Related stories
BRVM slips 0.58% as utilities tumble 3.21%
The BRVM Composite fell 0.58% to 529.51 points on October 19, while the Total Return index lost 0.58% to 213.32 points. The decline was led by utilities, down 3.21% to 245.15 points, and energy, off 2.91% to 156.52 points, while financials limited losses with a 0.32% drop to 242.53 points. On the corporate side, Sonatel has launched a 1-for-10 share split, according to Africtelegraph, while Coris Bank International's 2025 net profit jumped 49%, reports Financial Afrik. In banking, Ecobank Benin will mobilize CFA138.5 billion, or $230.8 million, to finance new strategic projects, according to APAnews and Agence Ecofin, and Ecobank wants to enable yuan payments for African companies, according to La Tribune and Capmad.
BRVM (West Africa) — Consumer Discretionary Jumps 3.05% as BOA Capital Raises Reshape Flows
The BRVM ended the week with a split tone: the Composite fell 0.94% on Friday, yet consumer discretionary surged 3.05%. Bank of Africa capital raises and fresh dividend notices redirected flows across a highly selective Abidjan market.
BRVM falls 0.94% as industrials slide 3.19%
The BRVM Composite fell 0.94% to 532.61 points on October 16, while the BRVM-30 lost 1.07% to 257.54 points and the BRVM Prestige dropped 1.59% to 196.95 points. The decline was led by industrials, down 3.19% to 209.32 points, alongside telecommunications, off 2.16% at 147.46 points, and utilities, down 2.03% to 253.27 points. In contrast, discretionary consumption rose 3.05% to 185.05 points, energy gained 0.67% to 161.21 points, and the main board edged up 0.15% to 373.67 points. On the corporate front, Coris Bank International posted a 49% jump in 2025 net profit, according to Financial Afrik and APAnews, while Ecobank Benin will inject CFA138.5 billion, or $230.8 million, into Benin state projects, according to Agence Ecofin and APAnews.