BRVM slips 0.81% as Coris Bank CI reshuffles management
The BRVM Composite fell 0.81% to 520.27 points on October 21, while the BRVM-30 lost 0.78% to 252.04 and the BRVM Composite Total Return dropped 0.81% to 209.59. The decline was led by utilities, down 3.71% to 220.84, and financial services, off 1.13% to 239.76, while energy rose 0.75% to 155.55 and consumer staples added 0.17% to 259.34. In banking, Coris Bank International Côte d’Ivoire appointed Alassane Kaboré after 7 years in Togo, according to Le Nouveau Reporter, while Nikada Tchanguaï was named deputy chief executive, Financial Afrik reported. Separately, 4 Bank of Africa units, BOA SN, BOA BN, BOA BF and BOA ML, were the subject of capital increase notices dated October 20 and October 21, according to analyst reports.
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SOGB posted the day’s top gain at 7,750 XOF even as the BRVM fell 0.81%. Dividend announcements from Bolloré Transport & Logistics and Tractafric CI helped support defensive names, while financial stocks dragged on the market.
BRVM falls 0.94% as Sonatel starts a 1-for-10 stock split
The BRVM Composite fell 0.94% to 524.52 points on October 20, while the BRVM Composite Total Return lost 0.94% to 211.31 points. The decline was driven by utilities, down 6.44% to 229.36 points, and telecommunications, off 2.25% to 143.14 points, while industrials rose 1.77% to 212.69 points. Against that backdrop, Sonatel started a 1-for-10 stock split on the BRVM, Africtelegraph reports. In banking, Coris Bank International Côte d’Ivoire appointed Alassane Kaboré after 7 years in Togo and named Nikada Tchanguaï deputy chief executive, according to Le Nouveau Reporter and as reported by Financial Afrik.
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.