BRVM rises 0.8% as financials gain 1.38% on Ecobank and Coris updates
The BRVM Composite rose 0.8% to 463.89 points on July 7, led by financials up 1.38% to 217.73 points, while energy gained 2.31% to 172.57 points. Industrials fell 1.91% to 214.33 points and consumer discretionary dropped 4.51% to 193.85 points, according to BRVM market data. Ecobank confirmed its revaluation to 50 CFA francs, Sika Finance reported, while Jeune Afrique said Vista Group is seeking a new path after the failed Oragroup takeover. Coris Bank International created a Cameroon unit with 26 billion CFA francs and is still awaiting regulatory approval, according to Financial Afrik and Africtelegraph, after inaugurating a new headquarters in Burkina Faso worth more than 19 billion CFA francs, Sika Finance reported. SONATEL also secured an upgrade to its long-term rating by GCR, Leral.net reported.
Related stories
BRVM (West Africa) — Sonatel Draws XOF 1.66bn in Trades While the Stock Barely Moves
Sonatel Senegal absorbed XOF 1.66 billion in turnover on October 15, 2026, far ahead of the rest of the market, even as the stock rose just 0.1%. That contrast highlights sector rotation on the BRVM, where telecoms gained 0.77% despite mixed breadth.
BRVM edges up 0.19% as Coris Bank posts 49% 2025 profit jump
The BRVM Composite rose 0.19% to 537.67 points on October 15, while the BRVM-30 added 0.22% to 260.32 and the Composite Total Return reached 216.6, despite a 2.75% drop in discretionary consumption. Coris Bank International reported a 49% rise in 2025 net profit, according to Financial Afrik and APAnews, adding momentum to a financial segment whose sector index still slipped 0.09% to 243.49 points. Sonatel won shareholder approval for a share split at the October 8 extraordinary meeting, Africtelegraph and Financial Afrik reported, as the telecommunications index climbed 0.77% to 150.72 points. Oragroup SA published results for the half-year ended June 30, 2026, according to Zonebourse, while Ecobank Guinea signed an October 10 partnership with the FGPE to ease access to farm credit, according to Guinéenews, and Ecobank announced $2.6 billion in financing opportunities for SMEs and women entrepreneurs, Matin Libre reported.
BRVM (West Africa) — SAFC Jumps 1.8% Even as Composite Slides 1.33%
SAFC Côte d’Ivoire posted the day’s top gain on the BRVM, rising 1.8% to 4,070 XOF even as the Composite fell 1.33%. Industrials held up with a 0.93% gain, contrasting with weakness in telecoms and utilities.