BRVM slips 0.16% as SOLIBRA and Ecobank drive headlines
The BRVM Composite fell 0.16% to 420.33 points on May 27, with consumer staples down 1.08% to 263.8 points while industrials rose 0.69% to 186.14 points. SOLIBRA extended the momentum of a record 2025 into 2026 after profit doubled to CFA 46 billion in 2025, according to Sika Finance. Ecobank stayed in focus after signing a memorandum of understanding with the AfCFTA Secretariat to accelerate intra-African trade and support SMEs, Financial Afrik reported, while Ecobank Senegal on May 25 denied the authenticity of a bank statement circulating on social media, according to Senenews. On the corporate front, Sonatel rolled out technical support for the 138th Popenguine Marian pilgrimage, according to socialnetlink.org, while several Bank of Africa units published capital increase notices on May 27 and a dividend payment calendar was also released.
Related stories
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.
BRVM (West Africa) — Sonatel Draws XOF 1.66bn in Trades While the Stock Barely Moves
Sonatel Senegal absorbed XOF 1.66 billion in turnover on October 15, 2026, far ahead of the rest of the market, even as the stock rose just 0.1%. That contrast highlights sector rotation on the BRVM, where telecoms gained 0.77% despite mixed breadth.