BRVM rises 0.65% as industrials climb 2.23%
The BRVM Composite rose 0.65% to 425.54 points on May 29, while the total return index gained 0.75% to 166.94 points. Industrials led sector gains with a 2.23% rise to 189.88 points, ahead of utilities up 1.56% at 190.5 points, while energy slipped 0.05% to 144.65 points. On the corporate front, Sonatel highlighted a support programme for the 138th Popenguine Marian Pilgrimage, according to socialnetlink.org, while Dabafinance published a May 22 analysis of Ecobank Transnational Inc. Market notices showed BANK OF AFRICA SN set a net dividend of 450 CFA francs with ex-date on May 29, SICABLE set a net dividend of 152.02 CFA francs on May 29, and 4 BANK OF AFRICA entities announced capital increases. In Senegal, Ecobank Sénégal denied on May 25 the authenticity of a bank statement circulating on social media, according to Senenews.
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