BRVM falls 0.94% as industrials slide 3.19%
The BRVM Composite fell 0.94% to 532.61 points on October 16, while the BRVM-30 lost 1.07% to 257.54 points and the BRVM Prestige dropped 1.59% to 196.95 points. The decline was led by industrials, down 3.19% to 209.32 points, alongside telecommunications, off 2.16% at 147.46 points, and utilities, down 2.03% to 253.27 points. In contrast, discretionary consumption rose 3.05% to 185.05 points, energy gained 0.67% to 161.21 points, and the main board edged up 0.15% to 373.67 points. On the corporate front, Coris Bank International posted a 49% jump in 2025 net profit, according to Financial Afrik and APAnews, while Ecobank Benin will inject CFA138.5 billion, or $230.8 million, into Benin state projects, according to Agence Ecofin and APAnews.
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