BRVM ends little changed as Ecobank highlights $2.6 bln in commitments
The BRVM Composite rose 0.09% to 548.41 points, while the BRVM-30 added 0.11% to 265.6 points in a session lacking strong direction. Financials supported the market with the sector index up 0.4% at 246.91 points, while industrials fell 2.13% to 216.66 points and utilities dropped 1.18% to 273.03 points. On the corporate front, Ecobank highlighted a $2.6 billion commitment to women’s entrepreneurship and agribusiness in Africa, according to L'economiste du faso, in a move also reported by Capmad. Separately, Wadivo is preparing mass claims in Cameroon after its court victory against Ecobank, Africa Intelligence 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.