BRVM Stock Market Gains 1.5% as Orange CI Leads Weekly Rally
TLDR
- The BRVM Composite Index closed the week up 1.52% to 287.43 points, while the BRVM 30 index rose 1.6% to 144.53 points
- Orange Côte d'Ivoire was the top gainer, rising 11.54% to close at 14,500 FCFA, with a trading volume of 18,434 shares
- Despite mixed performances among individual stocks, investor sentiment remained broadly positive
The BRVM Composite Index closed the week up 1.52% to 287.43 points, while the BRVM 30 index rose 1.6% to 144.53 points. The market ended the week with 15 stocks gaining, 22 declining, and 10 remaining unchanged.
Orange Côte d'Ivoire was the top gainer, rising 11.54% to close at 14,500 FCFA, with a trading volume of 18,434 shares. Other notable risers included CFAO Motors (+7.89%), Safca (+6.76%), Total Senegal (+4.72%), and BOA Niger (+4.49%).
On the downside, Unilever Côte d'Ivoire saw the steepest drop, falling 12.91% to 6,575 FCFA on thin volume of just 25 shares. Setao (-7.2%), CIE (-7.14%), Coris Bank (-6.48%), and NSIA Bank (-5.51%) also posted significant losses. Despite mixed performances among individual stocks, investor sentiment remained broadly positive as the benchmark indices recorded a second consecutive week of gains.
Key Takeaways
The BRVM’s positive momentum this week highlights renewed investor interest, particularly in telecom and industrial names. Orange CI’s 11.54% surge reflects confidence in its fundamentals following strong earnings and consistent dividend policy. Stocks like CFAO Motors and SAFCA also benefited from sectoral rotation into consumer and manufacturing plays. On the other hand, Unilever CI’s 12.91% drop, despite low volume, signals persistent pressure in the consumer staples segment amid weaker margins and supply chain costs. Financial stocks had a mixed showing. NSIA Bank and Coris Bank declined notably, following recent earnings announcements and possible profit-taking. Broader market resilience—evident from the 1.52% gain on the composite index—suggests institutional investors continue to reweight portfolios ahead of Q2. While local macro risks and regional uncertainties persist, select names with strong fundamentals and dividend histories are driving the rally. Market watchers will be focused on volume trends and Q1 financial updates in the coming weeks.
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