BRVM rises 0.41% as financials offset a 2.89% slide in industrials
The BRVM Composite rose 0.41% to 405.6 points on May 4, while the BRVM Principal gained 1.63% to 284.59 points, as financials climbed 0.73% to 180.19 points and industrials fell 2.89% to 184.8 points. Banking headlines drove the session, with Oragroup posting a 37% profit increase as cost control offset weaker revenue, according to Dabafinance, and Ecobank Cote d'Ivoire reporting a 10% jump in 2025 earnings per share, according to APAnews. Ecobank Cote d'Ivoire also reported a record 2025 year and resumed dividends after record profit, Afrimag and Africtelegraph reported, although Dabafinance said first-quarter revenue growth was weighed down by a higher cost of risk. Separately, Ecobank Group plans to raise $500 million to refinance debt, according to Dabafinance, while 4 Bank of Africa subsidiaries on the BRVM announced capital increases on May 4. Outside banking, SITAB reported an 18% drop in 2025 profit, according to Sika Finance.
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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.
BRVM (West Africa) — Dividends and Capital Raisings Dominate as Market Ends at 182.45
The BRVM ended the week nearly flat, with the BRVM Composite Total Return at 182.45 points (-0.07%). Dividend notices and a wave of Bank of Africa capital raisings shaped flows more than headline price moves.