BRVM ends up 0.11%, led by utilities with a 2.55% gain
The BRVM Composite closed up 0.11% at 460.21 points, while the BRVM Composite Total Return rose 0.11% to 182.65 and the BRVM-30 added 0.24% to 216.67. Gains were led by utilities, up 2.55% to 238.69 points, and financial services, up 1.18% to 214.76, while telecommunications fell 1.53% to 107.83 and consumer discretionary dropped 1.85% to 203.0. In banking, Ecobank has extended its rerating with a 50% gain since mid-April, according to Sika Finance, while Coris Bank International has created its Cameroon unit and is still awaiting regulatory approval, Financial Afrik reports. In the background, Vista Group is seeking its next path after the failed Oragroup takeover, according to Jeune Afrique, while 4 Bank of Africa entities on the BRVM published capital increase notices on July 6.
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BRVM (West Africa) — Dividends and Capital Raisings Dominate as Market Ends at 182.45
The BRVM ended the week nearly flat, with the BRVM Composite Total Return at 182.45 points (-0.07%). Dividend notices and a wave of Bank of Africa capital raisings shaped flows more than headline price moves.
BRVM ends little changed as Ecobank and Sonatel cushion losses
The BRVM Composite Total Return index slipped 0.07% to 182.45 points on July 3, while the BRVM Composite fell 0.18% to 459.7 points and the BRVM-30 was flat at 216.15 points. Losses were led by consumer staples, down 1.6% to 285.08 points, and discretionary consumption, down 0.88% to 206.83 points, while telecommunications rose 0.4% to 109.51 points. Sonatel had already supported the market on June 26, while SITAB’s dividend drew buyers, according to Sika Finance. Ecobank extended its rerating with a 50% gain since mid-April, according to Sika Finance, after reporting 2025 net profit in Gabon of 16 billion CFA francs, up 19% year on year, the same source said.
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.