BRVM rises 0.29% as Sonatel and Ecobank drive the narrative
The BRVM Composite rose 0.29% to 497.65 on Aug. 14, while the BRVM-30 gained 0.44% to 237.61 and the Principal index added 0.6% to 376.45. Gains were led by discretionary consumption, up 2.78% to 201.4, and energy, up 1.43% to 163.79, while telecommunications fell 0.15% to 117.33 and industrials lost 0.42% to 221.94. Sonatel accounted for more than half of the 4 billion CFA francs traded on Aug. 4, according to Sika Finance, after what SenePlus called a historic half year with revenue above 1 trillion CFA francs, according to Xalima, and first-half 2026 profit of 230 billion CFA francs, according to Sika Finance. Ecobank separately posted first-half revenue up 15% to $1.3 billion and pre-tax profit of $423 million, according to leFaso.net, while net income reached 167 billion CFA francs but was held back by Nigerian risk costs, Sika Finance and Agence Ecofin reported.
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