BRVM (West Africa) — Market Retreats 1.38% Despite Industrials' Resilient +3.16% Surge

BRVM (West Africa) — 10 Announcements in 5 Days as Financials Offset a 1.86% Industrial Slide

The BRVM ended the week up 0.28%, with financials rising 1.03% while industrials fell 1.86%. Bank of Africa capital increases and Sonatel’s 1,740 XOF dividend dominated an active Abidjan market.

BRVM (West Africa) — 10 Announcements in One Session as BOA Capital Raises Reshape the Tape

The BRVM ended nearly flat, with the Composite Total Return up 0.03%, but May 7 trading was dominated by 10 official announcements, including several Bank of Africa capital raises. Industrials rose 3.46%, pointing to a broader rotation beyond banks alone.

BRVM ends flat as industrials jump 3.46% amid bank earnings updates

The BRVM Composite ended nearly flat at 403.46 points, up 0.03%, while Industrials jumped 3.46% to 187.43 and Utilities rose 2.77% to 153.61. News flow centered on financials, with Ecobank Cote d'Ivoire reporting first-quarter 2026 profit of 13 billion CFA francs, although higher cost of risk weighed on earnings, according to Sika Finance and Dabafinance. Oragroup reported a 37% rise in profit as cost control offset lower revenue, Dabafinance said, while Ecobank Togo posted a 9.5% drop in 2025 net profit despite strong commercial growth, according to Togo First. In corporate updates, SITAB posted 2025 profit of 36 billion CFA francs, down 18%, Sika Finance reported, while Ecobank Cameroun raised its 2025 dividend to 24.5 billion CFA francs and Ecobank resumed dividend payments after a record 2025 profit, according to Investir au Cameroun and Africtelegraph.