BRVM falls 1.61%, Sonatel supported ahead of 10-for-1 split plan
The BRVM Composite closed down 1.61% at 535.90 points, while the BRVM Principal fell 3.01% to 379.76 points and the utilities index dropped 5.6% to 265.01 points. Sonatel still drew buying interest, with the stock rising above CFA 42,000 ahead of a proposed 10-for-1 split aimed at improving accessibility, according to Financial Afrik and Agence Ecofin. In financials, the sector index lost 2.24% to 245.23 points, as Agence Ecofin reported that Ecobank expanded Korédé Odjo-Bella's mandate to banking products in Ivory Coast and across WAEMU. On the issuer side, the BRVM said on Sept. 22 that Sucrivoire's trading suspension had been lifted, while 4 Bank of Africa units in Benin, Senegal, Burkina Faso and Mali disclosed capital increase operations.
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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
BRVM slips 0.26% as industrials rise 1.95% despite banking pressure
The BRVM Composite fell 0.26% to 545.46 points and the BRVM Composite Total Return lost 0.25% to 219.74 points on October 12, while the BRVM-30 edged down 0.16% to 264.15 points. Financials weighed on the market, with the sector down 0.39% at 245.42 points, as 4 capital increase notices for Bank of Africa BN, SN, BF and ML appeared in October 12 filings. Industrials rose 1.95% to 216.5 points and energy added 0.47% to 159.83 points, partly offsetting declines of 0.83% in utilities to 267.58 points and 0.50% in consumer staples to 263.51 points. In stocks, Sonatel wants to broaden its investor base, according to Capmad, after the share topped CFA 42,000 ahead of its split on September 19, Financial Afrik reported, while SOGB saw first-half 2026 profit cut by 2, according to Sika Finance. Ecobank dominated sector headlines with a USD 2.6 billion commitment to women’s entrepreneurship and agribusiness, according to L'economiste du faso and Capmad, while saying acquisitions could be the fastest way to grow in smaller markets, Jeune Afrique reported.