BRVM slips 0.9% as industrials jump 4.54%
The BRVM Composite fell 0.9% to 399.96 points on March 25, while the BRVM Principal lost 1.2% to 278.34 points and the BRVM-30 dropped 0.83% to 187.92 points. The decline was driven by consumer staples, down 3.41% to 262.46 points, and utilities, off 3.19% to 141.71 points, while industrials jumped 4.54% to 205.74 points. On the corporate front, Coris Bank International is moving toward Cameroon to strengthen banking supply, according to Investir au Cameroun, while Ecobank Togo is structuring financing for women entrepreneurs through the Ellever 2.0 program, Afrimag reported. In financials, several capital increase filings involved BANK OF AFRICA BF, BN, SN and ML between March 24 and March 25, while 5 FCTC vehicles made their market debut on March 24, according to market notices.
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