BRVM rises 0.74%, lifted by financials and Sonatel
The BRVM Composite rose 0.74% to 412.64 points on May 15, with financial services up 1.31% to 185.01 points and consumer discretionary gaining 2.51% to 184.6 points. Industrials lagged, falling 2.27% to 184.11 points, while energy slipped 0.51% to 142.7 points. Sonatel supported sentiment after posting first-quarter profit of CFA113 billion, according to Seneweb. Ecobank stayed in focus with a $450 million green bond for sustainable agriculture and natural capital, according to Financial Afrik, after announcing $3 billion for intra-African trade, according to Africtelegraph, and joining a CFA200 billion financing package for PETROCI Holding's Baleine Phase 2, FratMat reported.
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BRVM (West Africa) — Consumer Discretionary Jumps 2.51% as BOA Dividend Dates Reshape Trading
The BRVM closed May 15 up 0.74%, but the week’s real story was sector rotation and dividend timing. Announcements from Bank of Africa units, Sonatel and Ecobank redirected flows in a market split evenly between 17 gainers and 17 losers.
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.
BRVM ends up 0.12% as utilities jump 3.07%
The BRVM Composite rose 0.12% to 406.25 points and the BRVM Composite Total Return added 0.12% to 156.85, while the BRVM-30 gained 0.31% to 192.16. Gains were led by utilities, up 3.07% to 154.57, and energy, up 2.47% to 142.72, while staples fell 1.41% to 258.74 and telecommunications slipped 0.34% to 102.85. ORAGROUP rebounded after several sessions of declines, according to Sika Finance, after publishing first-quarter results to March 31, 2026 and a financial rating on May 5, according to Zonebourse Suisse. In banking, Ecobank Cameroun raised its 2025 dividend to 24.5 billion CFA francs, according to Investir au Cameroun, while Ecobank Togo reported a 9.5% drop in 2025 net profit despite strong commercial growth, Togo First reported. Analyst notes dated May 12 also flagged capital increases for BANK OF AFRICA BF, BN, ML and SN, alongside a reminder of the May 14, 2026 public holiday.