Sonatel and banks lift BRVM as Composite adds 0.2%
The BRVM Composite rose 0.2% to 399.84 on April 20, while the BRVM Principal gained 0.5% to 278.64, led by industrials up 0.95% and telecommunications up 0.4%, even as utilities fell 0.94%. Sonatel posted first-quarter profit of CFA114 billion, with consolidated revenue up 7% in the first quarter of 2026, according to Sika Finance and Financial Afrik. Financials stayed firm, with the sector index up 0.13% to 174.41, as Coris Bank reported a 36% rise in 2025 net profit, according to APAnews, and Ecobank posted more than $800 million in 2025 profit, according to Forbes Afrique and Jeune Afrique. Ecobank Côte d’Ivoire also earmarked nearly CFA49 billion for shareholder remuneration for 2025, Sika Finance, Financial Afrik and Zonebourse Suisse reported.
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BRVM slips 0.16% as SOLIBRA earnings drive the session narrative
The BRVM Composite fell 0.16% to 420.33 points on May 26, with consumer staples down 1.08% to 263.8 points while industrials rose 0.69% to 186.14 points. SOLIBRA led corporate headlines after 2025 profit doubled to CFA46 billion and the company said it was continuing in 2026 the momentum of a record 2025, according to Sika Finance. In finance, Ecobank featured across several stories, with the group signing a memorandum of understanding with the AfCFTA Secretariat to support intra-African trade and SMEs, Financial Afrik reported, while La Tribune said it passed its international bond test. Ecobank Senegal also denied the authenticity of a bank statement circulating on social media, according to Senenews, as the financial services index slipped 0.32% to 190.84 points.