BRVM Stocks Slide as Sonatel Selloff, Weak Earnings Weigh on Market

BREAKING NEWSNovember 7, 2026 at 9:00 PM UTC

TLDR

Stocks on the West African regional exchange (BRVM) lost CFA 547.95 billion in market value during the week ended November 6, 2026
The BRVM Composite Index fell 2.61% to 520.74 points, following a 1.05% increase the previous week
Sucrivoire led weekly decliners, falling 24.23% to CFA 1,720 after reporting a CFA 4.79 billion net loss for the first half of 2026, compared with a CFA 6.71 billion loss a year earlier

Stocks on the West African regional exchange (BRVM) lost CFA 547.95 billion in market value during the week ended November 6, 2026, reversing the previous week's gains as investors sold shares following corporate earnings releases. The BRVM Composite Index fell 2.61% to 520.74 points, following a 1.05% increase the previous week. The BRVM-30 declined 2.85% to 251.79 points, while the BRVM Prestige and BRVM Principal lost 1.82% and 2.04%, respectively. Equity market capitalization dropped to CFA 20.42 trillion from CFA 20.97 trillion, although the Composite Index remained up 50.61% in 2026.

Trading activity declined during the week, with investors exchanging 11.17 million shares, down 13.56% from 12.92 million previously. Transaction value fell 54.03% to CFA 10.93 billion from CFA 23.77 billion. Of the exchange's 48 listed companies, 13 stocks gained, 32 declined and 3 remained unchanged. Sonatel accounted for CFA 4.92 billion in transactions, representing 45.04% of market turnover, despite its shares falling 8.05% to CFA 4,000. Société Générale Côte d'Ivoire and Ecobank Transnational Incorporated followed with 6.03% and 4.94% of turnover.

Sucrivoire led weekly decliners, falling 24.23% to CFA 1,720 after reporting a CFA 4.79 billion net loss for the first half of 2026, compared with a CFA 6.71 billion loss a year earlier. Revenue declined 1.4% to CFA 42.26 billion. NEI-CEDA dropped 19.21% to CFA 1,850 after third-quarter net profit fell 94% to CFA 90.2 million. CFAO Motors Côte d'Ivoire declined 10.36% to CFA 1,255, while NSIA Banque Côte d'Ivoire lost 6.14%.

Société Multinationale de Bitumes led gainers, rising 22.64% to CFA 17,905 after reporting a 57% increase in nine-month net profit to CFA 8.90 billion. Revenue increased 15% to CFA 179.20 billion. Setao Côte d'Ivoire gained 9.55% to CFA 1,950, ending a 4-week losing streak, while Palm Côte d'Ivoire rose 8.70% to CFA 8,000. Building materials gained 9.55%, while oil and gas advanced 5.76%. Publishing and media fell 19.21%.

Meanwhile, bond market capitalization increased 0.20% to CFA 13.47 trillion, reversing the previous week's decline. Bond transaction value, however, fell to CFA 95.7 million from CFA 1.35 billion, with 10,027 bonds changing hands. The FCTC EPT 7.5% 2025–2032 bond accounted for 42% of trading value.

Points clés à retenir

The BRVM's 2.61% decline highlights how corporate earnings are influencing stock prices after a year in which the benchmark index has gained 50.61%. The market has now lost about CFA 1.02 trillion in capitalization since its October 9 close, despite recovering during the final week of October. The latest correction affected 32 of the exchange's 48 listed companies, while trading value fell 54.03%, indicating reduced activity alongside selling pressure. Sonatel remained the most traded stock, accounting for 45% of turnover, but its 8.05% decline shows that trading activity does not always support share prices. The company's recent 10-for-1 stock split increased the number of shares outstanding without changing its underlying value. Earnings have also become a factor in investor decisions. Sucrivoire fell 24.23% after reporting continued losses, although its first-half net loss narrowed from CFA 6.71 billion to CFA 4.79 billion. NEI-CEDA lost 19.21% following a 94% decline in quarterly profit. In contrast, SMB gained 22.64% after reporting 57% profit growth, while Setao recovered following improvements in revenue and losses. The differences show that investors are reacting to company results rather than treating all stocks alike. With the BRVM Composite still up more than 50% this year, investors will be watching whether earnings support current prices, whether trading recovers and whether selling spreads to other companies as more results are released.

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