BRVM (West Africa) — SOGB Jumps 2.0% as Dividend Plays Cushion a Broad Market Slide

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.

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.