West Africa bourse lower on telecoms
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)
- Sierra Leone declares emergency as Ebola death toll hits 729 |
- Israel, Palestinian militant groups begin three-day Gaza truce |
- Disappointment, uncertainty after India blocks WTO trade deal
- Tesla expects to boost 2015 output to more than 60,000
- Tea Party out-muscles Boehner on border-security funding