
BRVM: Composite down 0.72% despite BOA capital increases
The BRVM Composite closed at 408.62 points, down 0.72% on March 20. The industrial sector dropped 2.08%, while public services gained 1.92%. A wave of capital increases by BANK OF AFRICA is underway across multiple subsidiaries, per analyst reports. Coris Bank International is preparing to enter Cameroon to strengthen banking offerings, reports Investir au Cameroun.
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The BRVM Composite fell 0.99% to 401.6 points on May 5, while the BRVM Composite Total Return lost 0.84% to 155.05 points and the BRVM-30 slipped 0.93% to 189.4 points. The decline was led by utilities, down 4.79% to 143.82 points, followed by consumer discretionary at -4.07% and energy at -2.15%, while industrials limited losses to 0.02% at 184.77 points. On earnings, SITAB reported 2025 profit of CFA36 billion, down 18% year on year, according to Sika Finance. In financials, Oragroup posted a 37% rise in profit despite lower revenue, as cost control supported performance, Dabafinance reported.