BRVM slips 0.39% as discretionary stocks tumble 4.34%
The BRVM Composite fell 0.39% to 442.11 points on June 24, while the BRVM-30 lost 0.37% to 207.05 and discretionary consumer stocks slumped 4.34% to 194.04. Utilities capped the decline with a 1.51% rise to 226.72 points, ahead of financials at 202.76 points, up 0.42%, as banking headlines dominated the tape. According to Agence Ecofin, Ecobank approved CFA22.5 billion in dividends, increased the number of profitable African subsidiaries from 15 to 25 in 4 years and confirmed a turnaround plan for its undercapitalized Nigerian unit, while Afrimag reported that Alain Nkontchou became the group's top shareholder. Analyst notes dated June 24 also showed capital increases at Bank of Africa BF, BN, ML and SN, adding to momentum in financial names on a day when the sector index rose 0.42%.
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BRVM rises 1.04%, lifted by Sonatel and energy up 2.67%
The BRVM Composite rose 1.04% to 490.51 on Aug. 10, while the BRVM-30 gained 1.2% to 233.99, with energy leading at 2.67% and industrials up 2.42%. Sonatel drove trading after accounting for more than half of the 4 billion CFA francs exchanged on Aug. 4, according to Sika Finance, following what SenePlus called a historic half year with revenue above 1 trillion CFA francs, according to Xalima, and first-half profit of 230 billion CFA francs, according to Sika Finance. Ecobank underpinned financials, where the sector index rose 0.99% to 238.48, with first-half revenue up 15% to $1.3 billion and pre-tax profit at $423 million, according to leFaso.net, while Sika Finance said net income reached 167 billion CFA francs, held back by risk costs. On the corporate front, 4 capital increase notices were published on Aug. 10 for Bank of Africa units in Benin, Mali, Senegal and Burkina Faso, while SITAB will trade ex-dividend at 1,707.2 CFA francs on Aug. 12, according to analyst reports.
BRVM (West Africa) — Up 0.66% Through Aug. 7 as Industrials Jump 3.76% and Energy Slips
The BRVM rose 0.66% in the week through Friday, Aug. 7, 2026, led by a 3.76% jump in industrials even as energy fell 2.68%. Dividend notices and firmer commodity prices helped support the regional market.
BRVM (West Africa) — Africa Global Logistics Draws XOF 145.7m as Industrials Rebound 3.76%
Africa Global Logistics Côte d’Ivoire led turnover at XOF 145.7m and rose 1.2% as the BRVM Industrials index jumped 3.76%. The move marks a sharp reversal from recent pressure on the sector and puts logistics back at the center of the West Africa stock market.