BRVM down 0.7% despite bank capital increases
The West African market closed down 0.7% with the composite index at 413.71 points. Discretionary consumption plunged 2.41%, while industrials gained 0.44%. According to Financial Afrik, Ecobank reported a 194% increase in loans to women-led businesses. A series of bank capital increases failed to support the market.
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BRVM slips 0.24% as industrials jump 2.96%
The BRVM Composite fell 0.24% to 435.52 points on June 16, while the BRVM Composite Total Return lost 0.24% to 172.12 and the BRVM-30 slipped 0.21% to 203.64. The decline came with a 0.43% drop in financials to 198.5 points and a 1.35% fall in energy to 152.22 points, despite a 2.96% jump in industrials to 217.03 and a 1.8% rise in consumer discretionary to 198.94. On the corporate front, BANK OF AFRICA BF, BN, SN and ML published capital increase notices on June 16, according to analyst reports. Outside the BRVM listing, Ecobank Centrafrique raised its capital to $28 million and aims for the Cobac threshold, according to Agence Ecofin, while NAB Consulting announced a 250 million euro structured financing for the State of Niger, co-arranged with Coris Bank Niger and secured from Afreximbank, Financial Afrik reported.
BRVM Composite ends flat as industrials jump 2.56%
The BRVM Composite closed flat at 436.58 points and the BRVM Composite Total Return slipped 0.01% to 172.53, while the BRVM-30 rose 0.19% to 204.07. Industrials led the session with a 2.56% gain to 210.79, while consumer discretionary added 1.08% to 195.42, according to June 15 market data. Financials fell 0.18% to 199.35 even as Financial Afrik reported nearly CFA29 billion in 2025 dividends due to Coris Bank International shareholders and several Bank of Africa units published capital increases on June 15. In regional banking news, Agence Ecofin said Ecobank Centrafrique raised its capital to $28 million and aims for the Cobac threshold, while Financial Afrik reported the completion of a 250 million euro structured financing for the Niger state co-arranged by NAB Consulting and Coris Bank Niger with Afreximbank.
BRVM (West Africa) — Energy Leads at +0.43% as PALM CI and Coris Set Key Dividend Dates
BRVM ended the week with little momentum, as the BRVM Composite Total Return closed at **172.54** (-0.03%), while energy (+0.43%) and consumer staples (+0.36%) held up. Dividend announcements from PALM CI and Coris Bank gave investors a clearer catalyst in a market otherwise dominated by capital operations.