West Africa: BYRM Hits 555 Points As Rally Extends Into September
[Daba Finance] West Africa's BRVM extended its 2026 rally in the week ended September 11, with the Composite Index gaining 1.25% to a record 555.48 points. The BRVM 30 rose 1.42% to 269.06, the Prestige Index added 1% to 201.81 and the Principal Index gained 0.43% to 407.43. The market table puts equity market capitalization at XOF 21.42 trillion, up 1.25% from the prior week.
The Composite Index in West Africa's BRVM reached a record 555.48 points in the week ending September 11, marking the continuation of a rally that has seen the market's capitalization rise by 1.25% to XOF 21.42 trillion. Trading volume increased by 2.99% to 7.35 million shares, although transaction value declined 4.38% to XOF 13.56 billion.
Sonatel Senegal was the most traded stock, contributing 20.87% of turnover. The market's strength was not uniform, with 20 stocks increasing, 25 falling, and 2 remaining unchanged. BOA Mali led gains, surging 11.72% to XOF 7,150, while Orange Côte d'Ivoire and Vivo Energy Côte d'Ivoire also showed notable gains of 6.85% and 6.25%, respectively.
Conversely, SAPH Côte d'Ivoire was the largest loser, dropping 17.12% to XOF 8,300 after a sharp decline in first-half net profit. The performance of bonds fell 0.34% to XOF 12.72 trillion, with Senegal's 6.75% 2025-2032 bond accounting for a significant portion of turnover. The broad rally, pushing the Composite Index up by about 60.7% in 2026, was not matched by the gains of all companies, with 25 stocks falling compared to 20 gainers.
This indicates that the rally's strength came from larger or higher-weighted companies, which helped offset weakness elsewhere.
Written by urgent.news from AllAfrica's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
