BRVM drops 3.66% as financials slide 5.18%
BRVM Composite fell 3.66% to 516.29 points on Sept. 23, while the BRVM Composite Total Return lost 3.66% to 207.91 and the BRVM-30 dropped 3.65% to 250.21. The selloff was led by financials at -5.18%, the main board at -5.2%, discretionary consumption at -5.37% and energy at -4.34%. The move came after a rush into Sonatel, whose shares crossed 42,000 CFA francs ahead of a planned split, rapporte Financial Afrik, while Sonatel wants to divide its share price by 10 to make the stock more accessible, selon Agence Ecofin. On the corporate side, Ecobank expanded Korédé Odjo-Bella’s mandate to banking products in Côte d’Ivoire and across UEMOA, selon Agence Ecofin, while Ecobank Cameroun posted 22.5 billion CFA francs in profit over 8 months, or 82% of its 2025 result, d'après Investir au Cameroun.
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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