BRVM ends flat as BOA capital increases weigh on financials
The BRVM Composite rose 0.12% to 549.02 points on October 1, while the BRVM-30 slipped 0.04% to 265.98 and the financials index edged down 0.04%, with the market still shaped by capital increases at BANK OF AFRICA ML, BN, BF and SN, according to analyst notes dated September 30 and October 1. The sharpest declines hit energy at -2.48%, industrials at -2.41% and discretionary consumption at -2.05%, while telecommunications gained 0.56% and staples added 0.63%. Newsflow stayed centered on Ecobank, which committed $2.6 billion by 2030 to finance women entrepreneurship and African agribusiness, according to Financial Afrik, while preparing a capital increase in Congo ahead of Afriland and CCA Bank's arrival, according to EcoMatin. Jeremy Awori also said acquisitions are the fastest way to grow where Ecobank is smaller, Jeune Afrique reported, while Ohana Africa and Ecobank launched a "Family Account" in Togo, according to Togo First, and SOGB reported first-half 2026 profit cut by 50%, according to Sika Finance.
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