BRVM : Le Price Earning Ratio du marché se rehausse à 10,42x à la fin de la semaine du 25 octobre 2024 - african markets

BRVM rises 0.67% as SONATEL and financials set the pace

The BRVM Composite rose 0.67% to 460.55 points on July 2, while the BRVM-30 added 0.71% to 216.15 points and the BRVM Principal gained 0.86% to 334.37 points. Financials led the move with a 0.91% rise to 212.47 points, ahead of industrials at 0.81% to 218.4 points, in a market already supported in late June by SONATEL and SITAB’s dividend appeal, according to Sika Finance. Telecommunications advanced 0.48% to 109.07 points, while utilities slipped 0.12% to 232.76 points, according to market data. In the background, the Ecobank story remained active with 22.5 billion CFA francs in approved dividends, $40 million paid by Ecobank TI and Ecobank Gabon’s 2025 net profit of 16 billion CFA francs, up 19%, according to APS, Financial Afrik and Sika Finance.

BRVM (West Africa) — STAC Jumps 1.7% in a Split Market as Energy Index Surges 3.32%

STAC posted the BRVM’s top gain of the day, rising 1.7% to 3,550 XOF in a market split between 15 advancers and 16 decliners. A 3.32% jump in the energy index and firmer commodity prices helped support sentiment toward cyclical Ivory Coast names.

BRVM rises 0.7%, lifted by energy's 3.32% gain and SONATEL

The BRVM Composite rose 0.7% to 453.21 points and the BRVM Composite Total Return gained 0.7% to 179.67 on June 30, while the BRVM Principal added 1.22% to 328.52. Energy led sector gains with a 3.32% rise to 164.08 points, ahead of consumer staples up 0.95% at 286.68, while industrials fell 0.51% to 221.43. SONATEL supported the indexes and SITAB's dividend drew market interest, according to Sika Finance on June 26. Beyond the BRVM listing slate, Ecobank Gabon posted 2025 net profit of CFA16 billion, up 19% year on year, according to Sika Finance, while Ecobank opted to raise $600 million through borrowing rather than capital markets, TechCabal reported.