BRVM Index Gains as Sonatel, Ecobank Lead Market Activity
TLDR
- The BRVM stock market closed higher, with the composite index rising 0.67% to 278.16 points
- Setao CI led gainers with a 7.32% rise to 440 FCFA, followed by Solibra CI
- Ecobank Group (ETIT) rebounded with a 6.67% increase to 16 FCFA after a previous decline
The BRVM stock market closed higher, with key indices posting gains. The composite index rose 0.67% to 278.16 points, while the BRVM-30 climbed 0.73% to 140.08 points. The prestige index was nearly unchanged, up 0.04% at 114.84 points.
Setao led gainers with a 7.32% rise to 440 FCFA, followed by Solibra, which gained 7.27% to 13,945 FCFA. Ecobank Group (ETIT) rebounded with a 6.67% increase to 16 FCFA after a previous decline. Sicor fell 7.39% to 3,945 FCFA, BOA BF dropped 5.02% to 3,025 FCFA, and BOA Niger declined 4.35% to 2,200 FCFA.
Despite 18 stocks declining against 11 gainers, Sonatel remained dominant with a market valuation of 50 billion FCFA. Total transactions reached 288.3 million FCFA. Sonatel accounted for 12.35% of volume, or 35.6 million FCFA, while SOGB held 10.45% at 30.1 million FCFA.
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Key Takeaways
The BRVM’s rise reflects steady investor sentiment despite selective trading. SONATEL SN continues to dominate the market, reinforcing its role as a key driver of liquidity and stability. ECOBANK Group’s recovery also signals a renewed interest in financial stocks. Trading volume suggests cautious but active participation, with major movements in consumer and banking stocks. The decline in SICOR CI and BOA stocks indicates sectoral shifts, possibly linked to broader economic factors. BRVM’s performance aligns with wider regional trends, where stable telecom and financial stocks offer resilience. With investors focusing on selective opportunities, key stocks like SONATEL and ECOBANK remain central to market activity.
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