BRVM Posts Strong Gains as Total Cote d'Ivoire Rises 17%

BREAKING NEWSApril 14, 2025 at 10:16 AM UTC

TLDR

The BRVM stock market closed last week in positive territory, with the Composite index gaining 0.71%
Market activity showed 16 stocks up, 28 stocks down, and 3 unchanged.
Trading volumes were particularly strong for FILTISAC (173,244 shares) and TOTAL CI (116,871 shares)

The BRVM stock market closed last week in positive territory, with the Composite index gaining 0.71% to 290.79 points and the BRVM 30 rising 0.85% to 146.70 points.

Market activity showed 16 stocks up, 28 stocks down, and 3 unchanged. Total Cote d'Ivoire led gainers with a 16.81% increase to 3,960 FCFA ($6.70). Unilever followed with a 15.44% gain to 7,590 FCFA ($12.83). Other notable risers included SIB (+8.89%), BOA Mali (+8.13%), and Filtisac (+5.47%).

Setao led decliners, dropping 14.41% to 475 FCFA ($0.80), followed by Nei-ceda (-13.89%) and TRACTAFRIC MOTORS (-13.67%). Trading volumes were particularly strong for FILTISAC (173,244 shares) and TOTAL CI (116,871 shares), indicating significant investor interest in these stocks.

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Key Takeaways

The BRVM's positive performance comes amid mixed economic signals across the West African Economic and Monetary Union (UEMOA) region. Energy stocks like TOTAL CI have benefited from stabilizing global oil prices. The strong showing by UNILEVER CI contrasts with its parent company's recent decision to sell its Ivorian subsidiary, suggesting investors may be responding positively to the upcoming acquisition by SDTM CI. Banking stocks showed mixed results, with BOA MALI gaining over 8% while several other financial institutions posted modest losses for the week.

Stocks

BRVM

Unilever

Total

BOA Mali

Dividends

Finance