West Africa: BRVM Benchmark Index Holds Above 530 Points As Rally Eases
[Daba Finance] West Africa's BRVM held near record levels in the week ended August 28 as stocks consolidated after the previous week's rally. The BRVM Composite gained 0.17% to 530.06 points, while the BRVM 30 rose 0.23% to 256.35. The BRVM Principal added 0.49% to 384.70, while the BRVM Prestige fell 0.25% to 196.18.
The BRVM Benchmark Index in West Africa maintained levels above 530 points during the week ended August 28, as stocks consolidated following a previous rally. The index gained 0.17% to 530.06 points, while the BRVM 30 rose 0.23% to 256.35. Trading activity slowed down during this 4-session week, with volume falling 29.31% to 6.6 million shares and traded value dropping 32.92% to XOF 10.26 billion.
Sonatel Senegal was the most traded stock, followed by Société Générale Côte d'Ivoire. The market split evenly between gainers and losers, with 4 stocks remaining unchanged. Notable gains were seen in NEI-CEDA Côte d'Ivoire, which rose 25% ahead of a dividend payment, while BOA Burkina Faso and Bernabé Côte d'Ivoire also posted gains.
Some stocks, like SICOR, Nestlé Côte d'Ivoire, and BOA Côte d'Ivoire, experienced declines. The bond market capitalization rose 0.61% to XOF 12.92 trillion, with Senegal's 6.60% 2025-2030 bond accounting for about 40% of turnover. The index's current level of 530.06 is about 53.3% above its 2025 close of 345.75, indicating a period of consolidation rather than a reversal.
Brief written by urgent.news from AllAfrica's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
