BRVM slips 0.53% as banking risk concerns weigh
The BRVM Composite fell 0.53% to 550.08 points on Sept. 8, while the BRVM Composite Total Return lost 0.53% to 221.4 points and the BRVM-30 slipped 0.55% to 266.32 points. Financials dropped 0.49% to 259.77 points, as industrials fell 1.4% to 231.98 points and consumer staples slid 1.94% to 278.14 points. Utilities outperformed with a 2.3% gain to 305.49 points, ahead of energy up 0.42% to 175.04 points and consumer discretionary up 0.44% to 215.08 points. The banking backdrop remained focused on Coris Bank, whose cost of risk jumped 48% at end-June 2026 to its highest since 2018, according to Agence Ecofin and EcoMatin, while Forbes Afrique reported a record first-half profit of CFA42 billion at Coris Bank International Burkina Faso and Financial Afrik said Coris Bank International is seeking CFA1.11 billion from SAN DISTRIBUTION in Benin.
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