BRVM Stock Market Closes Higher as Sitab, Bernabe Lead Gainers
TLDR
- West Africa’s regional stock exchange closed higher on Monday, with 25 stocks gaining and 10 declining
- The Composite index rose 0.20% to 295.60 points, while the BRVM-30 climbed 0.29% to 148.56 points
- Trading volume reached 914 million FCFA, with SONATEL and BOA CI accounting for 198.3 million FCFA, or 37.56% of total volume
West Africa’s regional stock exchange closed higher on Monday, with 25 stocks gaining and 10 declining. The Composite index rose 0.20% to 295.60 points, while the BRVM-30 climbed 0.29% to 148.56 points. The Prestige index added 0.25%, reaching 121.71 points.
SITAB CI advanced 7.47% to 11,800 FCFA, increasing its market capitalization by 10 billion FCFA. BERNABE CI rose 7.50% to 1,075 FCFA and UNIWAX CI gained 7.32% to 660 FCFA. On the downside, ORAGROUP TOGO fell 3.70% to 1,560 FCFA following the release of its 2024 and Q1 2025 earnings. TOTAL CI declined 2.93% to 2,320 FCFA, while BIIC BN dropped 2.59% to 5,450 FCFA.
Trading volume reached 914 million FCFA, with SONATEL and BOA CI accounting for 198.3 million FCFA, or 37.56% of total volume. Their status as benchmark stocks continued to drive investor activity.
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Key Takeaways
The BRVM’s recent gains follow a steady rise in regional investor confidence as economic conditions in the WAEMU zone stabilize. The exchange has outperformed several frontier peers in early 2025, with increased activity in banking, telecoms, and consumer goods stocks. SITAB CI’s market move reflects stronger investor interest in dividend-yielding stocks amid elevated interest rates. ORAGROUP TOGO’s drop signals growing investor sensitivity to earnings performance as regional banks face tighter margins and regulatory shifts. Trading on benchmark names like SONATEL and BOA CI remains strong due to their liquidity and consistent dividend records. With the BRVM benefiting from the CFA franc’s stability and cross-border capital access, analysts expect continued inflows from both institutional and retail investors seeking stable yields and growth exposure in West Africa.
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