BRVM rises 1.04%, lifted by Sonatel and energy up 2.67%
The BRVM Composite rose 1.04% to 490.51 on Aug. 10, while the BRVM-30 gained 1.2% to 233.99, with energy leading at 2.67% and industrials up 2.42%. Sonatel drove trading after accounting for more than half of the 4 billion CFA francs exchanged on Aug. 4, according to Sika Finance, following what SenePlus called a historic half year with revenue above 1 trillion CFA francs, according to Xalima, and first-half profit of 230 billion CFA francs, according to Sika Finance. Ecobank underpinned financials, where the sector index rose 0.99% to 238.48, with first-half revenue up 15% to $1.3 billion and pre-tax profit at $423 million, according to leFaso.net, while Sika Finance said net income reached 167 billion CFA francs, held back by risk costs. On the corporate front, 4 capital increase notices were published on Aug. 10 for Bank of Africa units in Benin, Mali, Senegal and Burkina Faso, while SITAB will trade ex-dividend at 1,707.2 CFA francs on Aug. 12, according to analyst reports.
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