BRVM rises 0.96% as financials draw support from capital operations
The BRVM Composite rose 0.96% to 442.87 points on June 19, while the BRVM-30 gained 1.29% to 207.59 and the Principal index slipped 0.14% to 315.03. The move was led by telecommunications, up 2.44% to 106.19, and energy, up 1.60% to 157.15, while consumer staples fell 1.0% to 277.95. Financials added 0.45% to 201.72 amid June 19 capital increase notices for Bank of Africa BF, BN, ML and SN, alongside Coris Bank International’s net dividend of 900 CFA francs detached on June 18. On the corporate front, Coris Bank International Chad is negotiating a $10 million guarantee line with IFC, according to Sika Finance, while Ecobank Centrafrique raised its capital to $28 million and aims for the Cobac threshold, according to Agence Ecofin, and Coris Bank co-arranged $288 million in Afreximbank financing in Niger, Agence Ecofin reported.
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.