
BRVM rises 0.82%, lifted by industrials and consumer stocks
The BRVM Composite rose 0.82% to 409.59 points on May 13, while the BRVM Principal gained 1.89% to 287.08 points and the BRVM-30 added 0.54% to 193.2 points. The advance was led by industrials, up 3.09% to 188.39 points, and discretionary consumer stocks, up 4.19% to 180.08 points, while financial services climbed 0.76% to 182.61 points. In banking, Ecobank Côte d’Ivoire, Banque Nationale d’Investissement, Bank of Africa Côte d’Ivoire and Coris Bank International Côte d’Ivoire mobilised CFA200 billion to support PETROCI Holding in Baleine Phase 2, according to FratMat. Ecobank also unlocked $3 billion for intra-African trade, Africtelegraph reported.
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BRVM falls 0.94% as Sonatel starts a 1-for-10 stock split
The BRVM Composite fell 0.94% to 524.52 points on October 20, while the BRVM Composite Total Return lost 0.94% to 211.31 points. The decline was driven by utilities, down 6.44% to 229.36 points, and telecommunications, off 2.25% to 143.14 points, while industrials rose 1.77% to 212.69 points. Against that backdrop, Sonatel started a 1-for-10 stock split on the BRVM, Africtelegraph reports. In banking, Coris Bank International Côte d’Ivoire appointed Alassane Kaboré after 7 years in Togo and named Nikada Tchanguaï deputy chief executive, according to Le Nouveau Reporter and as reported by Financial Afrik.
BRVM slips 0.58% as utilities tumble 3.21%
The BRVM Composite fell 0.58% to 529.51 points on October 19, while the Total Return index lost 0.58% to 213.32 points. The decline was led by utilities, down 3.21% to 245.15 points, and energy, off 2.91% to 156.52 points, while financials limited losses with a 0.32% drop to 242.53 points. On the corporate side, Sonatel has launched a 1-for-10 share split, according to Africtelegraph, while Coris Bank International's 2025 net profit jumped 49%, reports Financial Afrik. In banking, Ecobank Benin will mobilize CFA138.5 billion, or $230.8 million, to finance new strategic projects, according to APAnews and Agence Ecofin, and Ecobank wants to enable yuan payments for African companies, according to La Tribune and Capmad.
Sonatel : fractionnement des actions en 1 pour 10 pour faciliter l’accès aux investisseurs - SeneNews
Sonatel : fractionnement des actions en 1 pour 10 pour faciliter l’accès aux investisseurs SeneNews