BRVM rises 2.97%, lifted by Sonatel and financial stocks
The BRVM Composite rose 2.97% to 531.63 points on Sept. 24, while the BRVM-30 gained 3.19% to 258.18 points and the Principal index added 3.35% to 372.08 points. Telecommunications climbed 3.32% to 146.52 points after Sonatel topped CFA42,000 ahead of its planned stock split, reports Financial Afrik, while Agence Ecofin says the group wants to divide the share by 10 to make it more accessible. Financial stocks also drove the move, with the sector index up 3.3% at 240.2 points amid Sept. 23-24 capital increase notices from Bank of Africa units in Benin, Senegal, Burkina Faso and Mali. On the corporate side, Agence Ecofin says Ecobank expanded Korédé Odjo-Bella’s mandate to banking products in Ivory Coast and across UEMOA, while Investir au Cameroun reports Ecobank Cameroon posted CFA22.5 billion in profit over 8 months, equal to 82% of its 2025 result.
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