BRVM rises 0.2% as industrials jump 2.47%
The BRVM Composite rose 0.2% to 410.43 points on April 6, while the BRVM Principal added 0.95% to 289.37 and industrials posted the strongest sector gain, up 2.47% to 208.44. Financials were nearly flat, up 0.09% to 178.17, amid a run of capital increase announcements at BANK OF AFRICA BF, SN, ML and BN, according to April 6 analyst notes. Coris Bank International Burkina also drew focus after a “sharp rebound,” according to Sika Finance on April 2, while Financial Afrik highlighted its new 14-storey headquarters on April 3. Elsewhere in the region, Alhassan Andani became chairman of Ecobank Ghana, Financial Afrik reported on April 1.
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