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BRVM (West Africa) — Discretionary Jumps 2.78% as Energy Tracks Brent at $88.43
The BRVM ended the week of August 10-14, 2026 up 0.29%, led by discretionary consumption (+2.78%) and energy (+1.43%). Dividend notices and BOA subsidiaries’ capital increases drove a balanced market, with 15 gainers and 15 losers.
BRVM rises 0.29% as Sonatel and Ecobank drive the narrative
The BRVM Composite rose 0.29% to 497.65 on Aug. 14, while the BRVM-30 gained 0.44% to 237.61 and the Principal index added 0.6% to 376.45. Gains were led by discretionary consumption, up 2.78% to 201.4, and energy, up 1.43% to 163.79, while telecommunications fell 0.15% to 117.33 and industrials lost 0.42% to 221.94. Sonatel accounted for more than half of the 4 billion CFA francs traded on Aug. 4, according to Sika Finance, after what SenePlus called a historic half year with revenue above 1 trillion CFA francs, according to Xalima, and first-half 2026 profit of 230 billion CFA francs, according to Sika Finance. Ecobank separately posted first-half revenue up 15% to $1.3 billion and pre-tax profit of $423 million, according to leFaso.net, while net income reached 167 billion CFA francs but was held back by Nigerian risk costs, Sika Finance and Agence Ecofin reported.
BRVM rises 0.82%, lifted by Sonatel and financials
The BRVM Composite rose 0.82% to 496.22 points on Aug. 13, while the BRVM Composite Total Return gained 0.88% to 198.75 points and the BRVM-30 added 1.0% to 236.58 points. The advance was driven by telecommunications, up 1.75% to 117.51 points, and financial services, up 1.02% to 240.32 points, in a market where Sonatel accounted for more than half of the 4 billion CFA francs traded on Aug. 4, according to Sika Finance. Sonatel reported first-half profit of 230 billion CFA francs and revenue above 1 trillion CFA francs, according to Sika Finance and Xalima, while Ecobank posted a 15% rise in revenue to $1.3 billion and pre-tax profit of $423 million, according to leFaso.net, even as net income of 167 billion CFA francs was constrained by risk costs, Sika Finance reported. By contrast, consumer discretionary fell 3.87% to 195.95 points and consumer staples slipped 0.58% to 287.01 points, while SITAB remained in focus after a net dividend of 1,707.2 CFA francs went ex-dividend on Aug. 12 and after leading the weekly rebound, according to Dabafinance.