BRVM: SONATEL Surpasses 31,000 FCFA Mark, Boosting Market

BRVM (West Africa) — Solibra Draws XOF 842.6m Without Moving as Liquidity Defies Sector Headwinds

Solibra Côte d’Ivoire led BRVM trading on July 9 with XOF 842.6 million in turnover while its share price was unchanged. In a flat regional market, that stability stood out against weaker telecom and industrial names, highlighting demand for defensive liquidity.

BRVM rises 1.42% as telecoms and financials offset industrial slump

The BRVM Composite rose 1.42% to 470.48 points and the BRVM-30 gained 2.05% to 222.2 points, lifted by telecommunications at 110.94 points (+3.01%) and financial services at 222.86 points (+2.36%). The advance masked sharp declines in industrials at 203.72 points (-4.95%), energy at 166.45 points (-3.55%) and utilities at 232.53 points (-2.58%). On the corporate front, Ecobank confirmed a 50 FCFA revaluation, according to Sika Finance, while GCR upgraded Sonatel’s long-term rating, reports Leral.net. In banking, Coris Bank International created a Cameroon unit with 26 billion FCFA and is still awaiting regulatory approval, according to Africtelegraph and Financial Afrik, after inaugurating a new headquarters in Burkina Faso worth more than 19 billion FCFA, Sika Finance reported.

AFINHAB (Ex-CRRH-UEMOA) announces name change