BRVM slips 0.24% as industrials jump 2.96%
The BRVM Composite fell 0.24% to 435.52 points on June 16, while the BRVM Composite Total Return lost 0.24% to 172.12 and the BRVM-30 slipped 0.21% to 203.64. The decline came with a 0.43% drop in financials to 198.5 points and a 1.35% fall in energy to 152.22 points, despite a 2.96% jump in industrials to 217.03 and a 1.8% rise in consumer discretionary to 198.94. On the corporate front, BANK OF AFRICA BF, BN, SN and ML published capital increase notices on June 16, according to analyst reports. Outside the BRVM listing, Ecobank Centrafrique raised its capital to $28 million and aims for the Cobac threshold, according to Agence Ecofin, while NAB Consulting announced a 250 million euro structured financing for the State of Niger, co-arranged with Coris Bank Niger and secured from Afreximbank, Financial Afrik reported.
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