BRVM falls 1.63% as industrials slide 3.45%
The BRVM Composite fell 1.63% to 544.68 points and the BRVM-30 lost 1.89% to 263.82 points on September 21, while the Total Return index dropped 1.63% to 219.35 points. The decline was led by industrials, down 3.45% to 213.15 points, and telecommunications, off 2.49% to 145.74 points, while utilities rose 3.19% to 280.72 points. Against that backdrop, Sonatel wants to split its share by 10 to make it more accessible to investors, according to Agence Ecofin, a plan announced as the telecom index underperformed by 2.49%. In banking, Ecobank Cameroun posted FCFA 22.5 billion in profit over 8 months, or 82% of its 2025 result, according to Investir au Cameroun, while Nvalaye Kourouma took over Consumer & Commercial Banking for Ecobank in Côte d’Ivoire and WAEMU, Financial Afrik reported. September 21 notices also flagged capital increases at Bank of Africa BN, SN, BF and ML, covering 4 BOA network banks.
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BRVM (West Africa) — SAFC Jumps 1.8% Even as Composite Slides 1.33%
SAFC Côte d’Ivoire posted the day’s top gain on the BRVM, rising 1.8% to 4,070 XOF even as the Composite fell 1.33%. Industrials held up with a 0.93% gain, contrasting with weakness in telecoms and utilities.
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