BRVM rises 0.67% as SONATEL and financials set the pace
The BRVM Composite rose 0.67% to 460.55 points on July 2, while the BRVM-30 added 0.71% to 216.15 points and the BRVM Principal gained 0.86% to 334.37 points. Financials led the move with a 0.91% rise to 212.47 points, ahead of industrials at 0.81% to 218.4 points, in a market already supported in late June by SONATEL and SITAB’s dividend appeal, according to Sika Finance. Telecommunications advanced 0.48% to 109.07 points, while utilities slipped 0.12% to 232.76 points, according to market data. In the background, the Ecobank story remained active with 22.5 billion CFA francs in approved dividends, $40 million paid by Ecobank TI and Ecobank Gabon’s 2025 net profit of 16 billion CFA francs, up 19%, according to APS, Financial Afrik and Sika Finance.
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BRVM (West Africa) — STAC Jumps 1.7% in a Split Market as Energy Index Surges 3.32%
STAC posted the BRVM’s top gain of the day, rising 1.7% to 3,550 XOF in a market split between 15 advancers and 16 decliners. A 3.32% jump in the energy index and firmer commodity prices helped support sentiment toward cyclical Ivory Coast names.
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.
BRVM ends flat as Ecobank and banks dominate the newsflow
The BRVM Composite rose 0.05% to 450.04 points and the BRVM Composite Total Return added 0.16% to 178.42, while the BRVM-30 slipped 0.03% to 211.11 points. Gains were led by energy at 1.67%, utilities at 1.63% and financials at 0.78%, while telecommunications fell 1.28% and industrials lost 0.87%. Newsflow was dominated by Ecobank, with a 22.5 billion CFA franc dividend approved, according to APS, a $450 million nature bond, according to Agence Ecofin, and 25 profitable subsidiaries versus 15 four years earlier, according to the same source. In the same sector, Ecobank Gabon posted 2025 net profit of 16 billion CFA francs, up 19% year on year, according to Sika Finance, while Coris Bank International Chad is negotiating a $10 million IFC guarantee line, Sika Finance reported.