BRVM falls 0.99%, dragged by utilities down 4.79%
The BRVM Composite fell 0.99% to 401.6 points on May 5, while the BRVM Composite Total Return lost 0.84% to 155.05 points and the BRVM-30 slipped 0.93% to 189.4 points. The decline was led by utilities, down 4.79% to 143.82 points, followed by consumer discretionary at -4.07% and energy at -2.15%, while industrials limited losses to 0.02% at 184.77 points. On earnings, SITAB reported 2025 profit of CFA36 billion, down 18% year on year, according to Sika Finance. In financials, Oragroup posted a 37% rise in profit despite lower revenue, as cost control supported performance, Dabafinance reported.
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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.