BRVM ends little changed as industrials rise 1.09% and energy drops 1.99%
BRVM ended mixed on April 1, with the Composite up 0.11% at 408.69 points and the BRVM-30 nearly flat at 191.49 points, as industrials rose 1.09% and energy fell 1.99%. The move extended a consolidation phase flagged in week 11, when Total CI and CFAO Motors CI stood out, according to Sika Finance, while the staples index added another 0.83% to 272.24 points. Financials stayed mildly positive, with the financial services index up 0.11% at 176.87 points, against a heavy Ecobank news flow after the group announced $780 million in financing for women entrepreneurs and a 194% increase in lending to women-led businesses, according to APAnews and Financial Afrik. Coris Bank also drove sector headlines, with Financial Afrik reporting its focus on digital banking and instant payments in Togo, while Investir au Cameroun said the Burkinabe group is nearing entry into Cameroon to strengthen banking supply. Market notices published on April 1 also highlighted 4 Bank of Africa capital increases in Burkina Faso, Mali, Benin and Senegal, alongside an ordinary general meeting at Coris Bank International BF.
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