BRVM slips 0.4% as energy drops 2.9% despite Sonatel strength
The BRVM Composite fell 0.4% to 400.91 points on April 22, while the BRVM Composite Total Return lost 0.29% to 154.55 and the BRVM Principal dropped 1.12% to 277.19. The decline was led by energy, down 2.9% to 134.48, alongside financials, off 0.81% at 175.85, and industrials, down 0.85% to 190.94. In contrast, telecommunications rose 0.29% to 101.97 after Sonatel posted 7% growth in consolidated first-quarter 2026 revenue, while the group reported profit of 114 billion CFA francs, according to Financial Afrik and Sika Finance. At the same time, Ecobank wants to raise $500 million and test the eurobond market, which La Tribune said remains selective toward Africa.
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BRVM (West Africa) — 1,740 XOF Dividend and BOA Capital Raises Split the Market
In the week through Friday, May 1, 2026, the BRVM gained 0.14% on a total return basis, led by telecoms and utilities. Dividend notices, including SONATEL’s 1,740 XOF payout, and BOA capital raises reshaped trading flows.
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Ecobank leads a flat BRVM as utilities jump 3.68%
The BRVM Composite was flat at 403.38 points and the Total Return index edged up 0.01% to 155.51, while the BRVM Principal rose 1.22% to 283.6 and the BRVM-30 fell 0.43% to 189.49. Trading showed a sharp sector split, with utilities up 3.68% to 147.82 and consumer staples gaining 2.46% to 265.66, against a 2.41% drop in consumer discretionary to 189.45 and a 0.99% decline in telecommunications to 101.47. On the corporate front, Ecobank Côte d’Ivoire approved record 2025 results and outlined its 2026 ambitions, according to Afrimag, while Ecobank Transnational Incorporated released its first-quarter 2026 results, according to Zonebourse. Separately, Ecobank Group plans to raise $500 million to refinance debt, Dabafinance reported, while Ecobank Côte d’Ivoire, BNI, Bank of Africa Côte d’Ivoire and Coris Bank International Côte d’Ivoire mobilised 200 billion CFA francs to support PETROCI Holding on Baleine Phase 2, according to FratMat.