Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

Banking Stocks Dominate BRVM 30 Index After Quarterly Reshuffle

Daba Finance/Banking Stocks Dominate BRVM 30 Index After Quarterly Reshuffle
BREAKING NEWSApril 2, 2025 at 9:10 AM UTC

TLDR

  • The Abidjan-based announcement dated April 1, 2025, confirms that BICICI is among four companies exiting the benchmark index alongside CFAO Motors (CFAC), SODE (SDCC), and SOLIBRA (SLBC)
  • Four new entrants replace them: Bank of Africa Nigeria (BOAN), Benin National Lottery (LNBB), TotalEnergies Marketing Senegal (TTLS), and UNIWAX (UNXC)
  • The revised BRVM 30 index now comprises 30 companies, with significant banking sector representation including seven Bank of Africa subsidiaries across West Africa

BICICI (BICC) has been removed from the BRVM 30 index following the regional stock exchange's quarterly review. The Abidjan-based announcement dated April 1, 2025, confirms that BICICI is among four companies exiting the benchmark index alongside CFAO Motors (CFAC), SODE (SDCC), and SOLIBRA (SLBC).

Four new entrants replace them: Bank of Africa Niger (BOAN), Benin National Lottery (LNBB), TotalEnergies Marketing Senegal (TTLS), and UNIWAX (UNXC). The revised BRVM 30 index now comprises 30 companies, with significant banking sector representation including seven Bank of Africa subsidiaries across West Africa. The updated composition aims to better reflect market liquidity according to exchange officials.

Dr. Edoh Kossi Amenounve, Director General of the Regional Securities Exchange (BRVM), signed the official notice, stating the changes ensure all component stocks meet eligibility criteria.

These changes follow BICICI's recent announcement of a 57% profit increase to 26.2 billion FCFA ($43.3 million) for 2024, despite the bank's removal from the key regional benchmark.

Daba is Africa's leading investment platform for private and public markets. Download here

Key Takeaways

The BRVM (Bourse Régionale des Valeurs Mobilières) serves eight West African countries sharing the CFA franc currency: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. It remains one of Africa's few unified regional exchanges. Index removals typically reflect changes in market capitalization, trading volume, or other technical factors rather than company performance. Despite BICICI's strong financial results, its trading activity may have fallen below required thresholds. The BRVM 30 adjustments highlight broader trends in West Africa's financial landscape, with Nigerian banking expansion and increasing diversification beyond traditional sectors. The inclusion of Benin's lottery company signals growing investor interest in consumer services across the region.

Stocks
Banking
BRVM
Equities
BRVM 30 Index
Index Investing
Stock Index

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved