BRVM rises 1.07%, led by consumer and telecom stocks
The BRVM Composite rose 1.07% to 406.18 points on March 27, after a 0.90% drop flagged in analyst notes on March 26. Consumer staples led gains with a 1.94% rise to 264.33 points, ahead of telecommunications up 1.86% at 102.95 points, as Sonatel faces competition from Wave, according to SenePlus. Sika Finance said week 11 showed a market taking a breather, with Total CI and CFAO Motors CI standing out, while discretionary consumption still slipped 0.06% to 196.19 points. In financials, Ecobank is changing shareholder without changing strategy, according to Jeune Afrique, while the financial services index added only 0.31% to 177.05 points.
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