BIIC Bénin gains 6.7% after a $173 million IPO at BRVM
BIIC Bénin gagne 6,7% après une introduction en bourse de 173 millions de dollars à la BRVM Dabafinance
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SDCC Côte d’Ivoire rose 1.8% to 11,200 XOF on May 20, 2026, as BRVM utilities jumped 3.46%. The move came with the BRVM Composite Total Return up 0.50% and market breadth firmly positive at 16 gainers versus 6 losers.
BRVM rises 0.5%, lifted by utilities and SOLIBRA
The BRVM Composite rose 0.5% to 418.16 points, while the BRVM Composite Total Return gained 0.5% to 161.45 points, with utilities leading sector gains at 3.46%, according to market data. SOLIBRA reported 2025 profit of CFA46 billion, up 2-fold from 1 year earlier, Sika Finance reported, as consumer staples added 0.72% to 260.41 points. Financials climbed 1.21% to 190.33 points as Ecobank finalized a $208 million buyback offer on its 2031 notes, according to Investing.com France, and the African Development Bank and Ecobank Centrafrique signed a 5 million euro trade-finance guarantee facility, the AfDB Group said. Telecoms fell 0.4% to 104.29 points and energy slipped 0.33% to 141.45 points, while Agridigitale highlighted financial solutions tailored to Africa's agricultural sector.
BRVM rises 0.4% as Ecobank advances $208 million bond buyback
The BRVM Composite rose 0.4% to 416.07 points on May 19, while the BRVM Composite Total Return gained 0.4% to 160.64 and the BRVM-30 added 0.32% to 196.4. Utilities led the move, up 1.64% to 164.79, and financial services climbed 0.76% to 188.05, while energy slipped 0.18% to 141.92 and consumer staples fell 0.38% to 258.55. Ecobank finalized a $208 million buyback offer on its 2031 bonds, according to Investing.com France, while the African Development Bank and Ecobank Centrafrique signed a 5 million euro trade transaction guarantee facility, according to the African Development Bank Group. On the market, FIDELIS FINANCE - PME ELAN CROISSANCE UMOA 2 - 7% 2025-2030 made its first listing on May 19, while BANK OF AFRICA BF and BANK OF AFRICA BN announced capital increases, according to analyst reports.