BRVM rises 0.7%, lifted by energy's 3.32% gain and SONATEL
The BRVM Composite rose 0.7% to 453.21 points and the BRVM Composite Total Return gained 0.7% to 179.67 on June 30, while the BRVM Principal added 1.22% to 328.52. Energy led sector gains with a 3.32% rise to 164.08 points, ahead of consumer staples up 0.95% at 286.68, while industrials fell 0.51% to 221.43. SONATEL supported the indexes and SITAB's dividend drew market interest, according to Sika Finance on June 26. Beyond the BRVM listing slate, Ecobank Gabon posted 2025 net profit of CFA16 billion, up 19% year on year, according to Sika Finance, while Ecobank opted to raise $600 million through borrowing rather than capital markets, TechCabal reported.
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The BRVM Composite rose 0.75% to 519.59 points on Aug. 20, while the BRVM Composite Total Return reached 208.11 points, also up 0.75%. Utilities led the market with a 3.94% gain to 293.79 points, ahead of energy at 174.87 points (+2.79%) and telecommunications at 128.72 points (+1.59%). The advance extended the move flagged by Sika Finance on Aug. 19, which said Sonatel generated CFA190 billion and pushed the market to a new high. On the corporate front, Sika Finance said SITAB posted stable first-half 2026 profit of CFA18 billion, while Financial Afrik reported ETI cut its board to 12 members and removed directors' term limits.
BRVM rises 1.7% as Sonatel and utilities lift market to fresh high
BRVM Composite Total Return rose 1.7% to 206.56 points on Aug. 19, while the BRVM Composite gained 1.69% to 515.72 and the BRVM-30 added 1.95% to 247.63. The move was led by utilities, up 6.08% to 282.66, and telecommunications, up 4.28% to 126.71, as Sika Finance reported Sonatel generated 190 billion CFA francs and pushed the market to a fresh high. Energy fell 1.18% to 170.13, while financial services slipped 0.05% to 243.36. On the corporate side, Financial Afrik said Ecobank Transnational Incorporated cut its board to 12 members from 15 and removed directors' term limits, while Sika Finance reported SITAB posted stable first-half 2026 profit of 18 billion CFA francs.