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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BRVM rises 0.8% as financials gain 1.38% on Ecobank and Coris updates
The BRVM Composite rose 0.8% to 463.89 points on July 7, led by financials up 1.38% to 217.73 points, while energy gained 2.31% to 172.57 points. Industrials fell 1.91% to 214.33 points and consumer discretionary dropped 4.51% to 193.85 points, according to BRVM market data. Ecobank confirmed its revaluation to 50 CFA francs, Sika Finance reported, while Jeune Afrique said Vista Group is seeking a new path after the failed Oragroup takeover. Coris Bank International created a Cameroon unit with 26 billion CFA francs and is still awaiting regulatory approval, according to Financial Afrik and Africtelegraph, after inaugurating a new headquarters in Burkina Faso worth more than 19 billion CFA francs, Sika Finance reported. SONATEL also secured an upgrade to its long-term rating by GCR, Leral.net reported.