BRVM rises 1.28%, led by utilities at 2.67%
The BRVM Composite closed up 1.28% at 481.64 points, while the BRVM Composite Total Return reached 191.21 points, also up 1.28%. Utilities led the session with a 2.67% gain to 234.91 points, ahead of the main index at 367.31 points, up 1.74%, and the BRVM-30 at 229.2 points, up 1.41%. Financials rose 1.39% to 232.39 points and telecommunications added 1.33% to 112.17 points, while discretionary consumption slipped 0.24% to 204.1 points. On the corporate front, Nigerdiaspora reports the July 16 appointment of Fayçal Younoussou as Ecobank Niger chief executive, while Abidjan.net says SOLIBRA commissioned 1 new borehole in Assié-Akpessé and APS reports that the Sonatel Foundation donated 1 medical ambulance to the Mbitéyène Abdou health post. On the market side, 3 notices dated July 23 relate to capital increases at BANK OF AFRICA BN, BANK OF AFRICA SN and BANK OF AFRICA BF, according to the analyst reports provided.
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BRVM slips 0.28% as energy jumps 2.22% and Sonatel stays in focus
The BRVM Composite fell 0.28% to 543.91 points and the BRVM Composite Total Return lost 0.28% to 219.12 points, while the BRVM-30 slipped 0.36% to 263.20 points. Losses were led by discretionary consumption, down 1.09%, financial services, off 0.71%, and utilities, down 0.60%, while energy rose 2.22% and industrials gained 0.48%. Sonatel stayed in focus after the Oct. 8 extraordinary meeting on its share split, with the changes outlined on Oct. 9, according to Financial Afrik. In banking, several capital increase notices concerned Bank of Africa BF, BN, ML and SN on Oct. 13, while Ecobank reiterated a $2.6 billion commitment to support women entrepreneurship and agribusiness in Africa, according to L'economiste du faso and Capmad.
SONATEL SN issues communiqué