BRVM rises 1.72%, led by telecoms at 4.53% and utilities at 4.54%
The BRVM Composite closed up 1.72% at 435.38 points, while the BRVM-30 rose 1.97% to 204.87 and the Composite Total Return gained 1.72% to 170.89. The advance was driven by telecoms at 108.58 points, up 4.53%, and utilities at 211.28 points, up 4.54%, as Sonatel reported quarterly profit of 113 billion CFA francs, according to Africtelegraph. Financials were flat at 196.29 points, even as banking headlines stayed active with Ecobank completing a $208 million buyback of its 2031 notes, according to Investing.com France, after a $450 million green bond deal reported by Financial Afrik. On the corporate side, SOLIBRA reported 2025 profit doubled to 46 billion CFA francs and said it would continue in 2026 the momentum of a record year, according to Sika Finance, while the industrial index slipped 0.07% to 197.67 points.
Related stories
BRVM (West Africa) — SIBC Draws 283.5m XOF Unchanged as Financials Slip 0.41%
SIBC posted the session’s top turnover at 283.5m XOF with no price move, even as the BRVM Financials index fell 0.41%. The contrast points to highly selective positioning in West African bank stocks amid dividend notices and fresh capital increase announcements.
BRVM edges lower as energy rises 1.22% amid Ecobank-driven headlines
The BRVM Composite fell 0.14% to 436.06 points and the BRVM-30 lost 0.38% to 204.01 points on June 9, while the energy index rose 1.22% to 152.3 points, according to market data. Financials slipped 0.41% to 199.62 points as Ecobank dominated headlines, approving CFA22.5 billion in dividends, according to APS, while Ecobank TI paid $40 million in dividends, Financial Afrik reported. The group also confirmed a turnaround plan for its undercapitalized Nigerian unit, according to Agence Ecofin, while increasing the number of profitable African subsidiaries from 15 to 25 in 4 years, the same source said. Agence Ecofin also said the UMOA banking commission approved Bosquet’s entry into Ecobank’s capital, while the group said it had financed $3 billion in intra-African trade.
Ecobank drives BRVM headlines as Composite slips 0.13%
The BRVM Composite fell 0.13% to 436.68 points on June 8, while the BRVM Composite Total Return lost 0.13% to 172.48 and the BRVM-30 slipped 0.29% to 204.78. Losses were led by utilities at -1.81%, telecommunications at -1.54% and industrials at -1.45%, while financials rose 0.98% and energy gained 1.14%. Ecobank dominated the newsflow with a 22.5 billion CFA franc dividend approved, equivalent to $40 million paid by Ecobank TI, according to APS and reported by Financial Afrik, while the UMOA Banking Commission approved Bosquet’s entry into the capital, according to Agence Ecofin. The group also confirmed a turnaround plan for its undercapitalized Nigerian unit, according to Agence Ecofin, and said it had financed $3 billion of intra-African trade, while Togo First reported Cathia Lawson-Hall’s election to the board.