
BRVM: Industrials plunge 3.15% despite 7-week market rally
The BRVM Industrials index plunged 3.15% to 202.22 points on March 9, bucking the broader market's bullish trend. The exchange extended its rally to a seventh consecutive week with the BRVM Composite rising 0.55% to 413.71, according to Dabafinance. Solibra Côte d'Ivoire recorded the week's strongest gain and hit a record level, reports L'economiste du faso. The financial sector advanced 1.28% while Sonatel distributed 174 billion FCFA in dividends after its best year, per Financial Afrik.
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The BRVM Composite fell 0.58% to 529.51 points on October 19, while the Total Return index lost 0.58% to 213.32 points. The decline was led by utilities, down 3.21% to 245.15 points, and energy, off 2.91% to 156.52 points, while financials limited losses with a 0.32% drop to 242.53 points. On the corporate side, Sonatel has launched a 1-for-10 share split, according to Africtelegraph, while Coris Bank International's 2025 net profit jumped 49%, reports Financial Afrik. In banking, Ecobank Benin will mobilize CFA138.5 billion, or $230.8 million, to finance new strategic projects, according to APAnews and Agence Ecofin, and Ecobank wants to enable yuan payments for African companies, according to La Tribune and Capmad.
Sonatel : fractionnement des actions en 1 pour 10 pour faciliter l’accès aux investisseurs - SeneNews
Sonatel : fractionnement des actions en 1 pour 10 pour faciliter l’accès aux investisseurs SeneNews