BRVM rises 0.86% as industrials jump 4.34% and banking news drives focus
The BRVM Composite rose 0.86% to 545.41 points on September 28, while the BRVM Composite Total Return gained 0.86% to 219.7 points and the BRVM-30 added 0.83% to 264.21 points. The advance was led by industrials, up 4.34% to 225.73 points, ahead of utilities at +1.18% and telecommunications at +1.04%, while consumer staples fell 0.68% to 268.66 points. In banking, several analyst notes dated September 28 flagged capital increases at BANK OF AFRICA BN, SN, BF and ML, while SERVAIR ABIDJAN CI announced a net dividend of 124 CFA francs with an ex-date of September 29. In sector news, Ecobank wants to mobilize $2.6 billion by 2030 for African women-led businesses and agriculture, according to Togo First, is relying on capital markets to support Guinea's growth, according to Guinee360, and expanded Korédé Odjo-Bella's mandate in Ivory Coast and the WAEMU, Agence Ecofin reported.
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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.