BRVM Industrial Index Surges 2.78% as Bank of Africa Launches Four-Way Capital Raise

BRVM rises 0.82%, lifted by industrials and consumer stocks

The BRVM Composite rose 0.82% to 409.59 points on May 13, while the BRVM Principal gained 1.89% to 287.08 points and the BRVM-30 added 0.54% to 193.2 points. The advance was led by industrials, up 3.09% to 188.39 points, and discretionary consumer stocks, up 4.19% to 180.08 points, while financial services climbed 0.76% to 182.61 points. In banking, Ecobank Côte d’Ivoire, Banque Nationale d’Investissement, Bank of Africa Côte d’Ivoire and Coris Bank International Côte d’Ivoire mobilised CFA200 billion to support PETROCI Holding in Baleine Phase 2, according to FratMat. Ecobank also unlocked $3 billion for intra-African trade, Africtelegraph reported.

BRVM ends up 0.12% as utilities jump 3.07%

The BRVM Composite rose 0.12% to 406.25 points and the BRVM Composite Total Return added 0.12% to 156.85, while the BRVM-30 gained 0.31% to 192.16. Gains were led by utilities, up 3.07% to 154.57, and energy, up 2.47% to 142.72, while staples fell 1.41% to 258.74 and telecommunications slipped 0.34% to 102.85. ORAGROUP rebounded after several sessions of declines, according to Sika Finance, after publishing first-quarter results to March 31, 2026 and a financial rating on May 5, according to Zonebourse Suisse. In banking, Ecobank Cameroun raised its 2025 dividend to 24.5 billion CFA francs, according to Investir au Cameroun, while Ecobank Togo reported a 9.5% drop in 2025 net profit despite strong commercial growth, Togo First reported. Analyst notes dated May 12 also flagged capital increases for BANK OF AFRICA BF, BN, ML and SN, alongside a reminder of the May 14, 2026 public holiday.

BRVM rises 0.29% as energy offsets sharp declines in utilities

The BRVM Composite rose 0.29% to 405.75 points, while the BRVM Composite Total Return gained 0.29% to 156.66 and the BRVM-30 added 0.11% to 191.57. Gains were driven by energy, up 1.84% to 139.28 points, and consumer staples, up 1.04% to 262.43, while utilities fell 2.71% to 149.96 and industrials dropped 2.07% to 180.14. On the corporate front, Ecobank Cameroun raised its 2025 dividend to CFA24.5 billion, according to Investir au Cameroun, while Ecobank Togo reported a 9.5% decline in 2025 net profit despite strong commercial growth, according to Togo First. SITAB posted 2025 profit of CFA36 billion, down 18% year on year, according to Sika Finance, while Oragroup SA released results for the first quarter ended March 31, 2026, reported Zonebourse Suisse.