BRVM slips 0.69% as telecoms and industrials weigh
The BRVM Composite fell 0.69% to 403.36 points on March 30, after a 1.07% gain in the week of March 23-27, according to a March 27 analyst report. The pullback was led by telecommunications, down 1.8% to 101.1 points, and industrials, off 1.5% to 202.72 points, while the BRVM-30 lost 1.16% to 189.0 points and the Prestige index dropped 1.11% to 159.02 points. In contrast, staples rose 1.0% to 266.98 points and energy added 0.39% to 148.64 points, while the Principal index edged up 0.1% to 280.15 points. On the corporate front, Sika Finance said in week 11 that the market was taking a breather, with Total CI and CFAO Motors CI standing out, while Financial Afrik reported on March 26 that Coris Bank Togo is focusing on digital banking and instant payments and Jeune Afrique said on March 23 that Ecobank is changing shareholder without changing strategy.
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