BRVM ends near flat as Sonatel and energy financing shape the session
The BRVM Composite slipped 0.05% to 402.38 points on April 27, while the BRVM-30 fell 0.55% to 188.77 and the BRVM Prestige lost 0.94% to 156.73. Support came from basic consumer stocks, up 1.97% to 268.45, and the main board, up 1.04% to 282.2, even as telecommunications dropped 0.85% to 100.81. Among issuers, Sonatel posted 7% first-quarter revenue growth and net profit of 114 billion CFA francs in the first quarter of 2026, according to Dabafinance and Sika Finance. On funding, FratMat reports that 4 banks, including Ecobank Côte d’Ivoire and Bank of Africa Côte d’Ivoire, are mobilising 200 billion CFA francs for PETROCI Holding in Baleine Phase 2, while La Tribune says Ecobank wants to raise $500 million in a selective Africa eurobond market.
Related stories
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.
BRVM: Ecobank Group Confirms Spectacular Revaluation at 50 FCFA
BRVM : Le groupe Ecobank confirme sa spectaculaire revalorisation à 50 FCFA Sika Finance
BRVM ends up 0.11%, led by utilities with a 2.55% gain
The BRVM Composite closed up 0.11% at 460.21 points, while the BRVM Composite Total Return rose 0.11% to 182.65 and the BRVM-30 added 0.24% to 216.67. Gains were led by utilities, up 2.55% to 238.69 points, and financial services, up 1.18% to 214.76, while telecommunications fell 1.53% to 107.83 and consumer discretionary dropped 1.85% to 203.0. In banking, Ecobank has extended its rerating with a 50% gain since mid-April, according to Sika Finance, while Coris Bank International has created its Cameroon unit and is still awaiting regulatory approval, Financial Afrik reports. In the background, Vista Group is seeking its next path after the failed Oragroup takeover, according to Jeune Afrique, while 4 Bank of Africa entities on the BRVM published capital increase notices on July 6.