BRVM slips 0.58% as utilities tumble 3.21%
The BRVM Composite fell 0.58% to 529.51 points on October 19, while the Total Return index lost 0.58% to 213.32 points. The decline was led by utilities, down 3.21% to 245.15 points, and energy, off 2.91% to 156.52 points, while financials limited losses with a 0.32% drop to 242.53 points. On the corporate side, Sonatel has launched a 1-for-10 share split, according to Africtelegraph, while Coris Bank International's 2025 net profit jumped 49%, reports Financial Afrik. In banking, Ecobank Benin will mobilize CFA138.5 billion, or $230.8 million, to finance new strategic projects, according to APAnews and Agence Ecofin, and Ecobank wants to enable yuan payments for African companies, according to La Tribune and Capmad.
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