Top 10 BRVM Stocks to Watch in 2026

The BRVM stock market closed out 2025 on a strong note. The benchmark Composite Index gained 25.26% in local currency terms—or an impressive 42% in US dollars. 

The BRVM 30 rose 19.82%, while the BRVM Prestige climbed 25.61%. Even more striking, the BRVM Principal index surged 57.59%, and the Agricultural Index jumped 73.35%. 

Not all sectors shared the gains, however. Telecommunications dipped 5.09%, and Public Utilities suffered a steep 86.14% decline for the year. 

On the final trading day of 2025, December 31, the exchange saw 239,272 shares change hands worth XOF 896.7 million—a quiet end to an otherwise active year. The total market capitalization stood at XOF 13.3 trillion.

As we enter 2026, we expect significant price movements across several stocks. Below, we explore 10 names worth paying most attention to by potential and existing investors.

Sitab Côte d’Ivoire (STBC) is a player in the tobacco manufacturing and distribution sector. The company produces and sells cigarettes and tobacco products across the Ivory Coast. 

Over the trailing twelve months, Sitab generated 254.96 billion XOF in revenue, up nearly 40% from the prior period. For every 100 XOF in sales, the company keeps about 21 XOF as profit—a healthy margin in the consumer goods space. 

The stock trades cheaply: investors pay just 6.57x the company’s annual profit. Plus, shareholders receive a 12.20% dividend yield, one of the highest on the exchange. With 306 employees, each worker generates 833 million XOF in revenue, showing the business runs efficiently in a capital-light manufacturing model.

Ecobank Transnational (ETIT), a pan-African financial services group, operates commercial banking, corporate banking, and treasury services across more than 30 African countries, making it one of the continent’s largest regional banking networks. 

Over the trailing twelve months, the bank generated $1.96 billion in revenue, up 11% from the prior period. Net income jumped 39% to USD 411 million. What stands out is the price: the stock trades at just 1.45x earnings. That means you pay 1.45 francs to own 1 franc of profit—extremely cheap by any banking standard. 

The bank holds $4.20 billion in cash against $1.10 billion in debt, leaving it with net cash of USD 3.10 billion. Return on equity is 29.4%, meaning the bank generates strong profits from shareholder money.

Unilever Côte d’Ivoire (UNLC) manufactures and distributes soaps, packaged foods, personal care products, and household cleaning items across the Ivorian market. 

The company reported 38.2 billion FCFA in revenue in 2023, its last available financial report, still below its 2019 peak of 53.7 billion FCFA. Operating income turned positive at 1.57 billion FCFA after three years of losses, but net income of 640 million FCFA included a 970 million FCFA gain from selling assets. 

Without that one-time boost, profits would have been much weaker. Cash flow was negative 402 million FCFA, meaning the company spent more than it generated. The company has 2.92 billion FCFA in cash but owes 15.46 billion FCFA in debt—a net debt position of 12.54 billion FCFA. 

Despite these issues, the stock trades at 545x earnings, and the market value jumped 660% in 2024 to 348.9 billion FCFA. The price seems disconnected from the business reality.

Setao (STAC) is expected to experience a sharp decline, despite its stock price rising 111% in 2025. Operating in the construction and infrastructure sector, Setao provides engineering, construction, and public works services across West Africa, focusing on infrastructure projects for governments and private clients. 

Over the trailing twelve months, the company generated 4.0 billion FCFA in revenue, up 16% from the prior period but down sharply from 15.9 billion FCFA in 2020. Operating income was negative 543 million FCFA—the company loses money on its core construction work. Net income was negative 214 million FCFA, continuing years of losses. 

The company hasn’t paid dividends since 2022. The recent price jump appears driven by speculation rather than business fundamentals, and analysts expect a correction.

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Navigating the BRVM stock market in 2026

These are probabilities, not guarantees. Investors should do their homework, understand their risk tolerance, and diversify their holdings.

The BRVM offers opportunities, but like all markets, it rewards preparation and punishes assumptions.

Investors tracking these stocks can use the Daba App for real-time market data and portfolio tracking.

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