BRVM ends flat as Sonatel and banks underpin the market
The BRVM Composite rose 0.15% to 402.59 points, while the BRVM-30 added 0.17% to 189.81 points, despite a 4.17% drop in utilities to 133.73 points and a 2.01% fall in industrials to 191.59 points. Financials gained 0.53% to 177.46 points as Coris Bank posted a 36% rise in 2025 net profit, according to APAnews, while Ecobank wants to raise $500 million by testing the eurobond market, La Tribune reported. Sonatel underpinned the tone with first-quarter revenue up 7% and profit at 114 billion CFA francs, according to Dabafinance and Sika Finance, even as the telecom index slipped 0.01% to 101.67 points. On shareholder returns, SOGB allocated 12 billion CFA francs to shareholder remuneration, according to Sika Finance, while consumer discretionary jumped 2.96% to 195.33 points.
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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.
BRVM (West Africa) — Banks Take the Lead as 4 Capital Raises Hit a Two-Speed Market
The BRVM rose 0.24% on April 28, 2026, but the real story was in financials: BICI CI, SIB and several Bank of Africa names advanced as four capital raises were launched. Beneath the index, the Abidjan market remained split between resilient banks and weaker consumer stocks.