West Africa bourse lower on telecoms

ABIDJAN Fri May 2, 2014 1:18pm EDT

ABIDJAN May 2 (Reuters) - West Africa's regional BRVM bourse closes lower in the week to Friday, weighed down by Burkina Faso telecoms Onatel and Senegalese heavyweight Sonatel.

The all-share index BRVMCI declines 4.65 percent to 229.85 points on turnover of 6.18 billion CFA francs ($13.06 million)in the four sessions, sharply up from 943.8 million CFA francs in four sessions last week.

The bourse was closed on Thursday because of a national holiday.

Onatel falls 1,260 CFA francs, or more than 13 percent, to finish at 8,200 CFA francs, while Sonatel sheds 500 CFA francs, or more than 2 percent, to close at 22,000 CFA francs, both on profit-taking, traders say.

On the upside, Socgen bank climbs 5,250 CFA francs, or more than 8 percent, to finish at 70,000 CFA francs, and soap and cooking oil maker Unilever adds 1,000 CFA francs, or nearly 2 percent, to close at 54,000 francs, both on dividend outlook, traders say. ($1 = 473.0860 CFA francs) (Reporting By Loucoumane Coulibaly; Editing by Matthew Mpoke Bigg)

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