BRVM Composite

Now let's move to the BRVM, where the picture was very different.

The BRVM composite fell by 2.34% to close at 540.78 points.

The BRVM30 declined by 2.55% to 262.04 points, while the BRVM principal index fell by 3.57%.

So, unlike the NGX, the broader BRVM market was under pressure.

The picture was different in the regional West African market.

The BRVM composite fell 0.32% to 553.71 points.

The BRVM30 was nearly unchanged, declining just 0.06% to close at 268.91 points.

But underneath that modest decline, something important happened.

But before we look ahead, let's break down what happened across both markets over the past trading week.

Because there were some strong winners, starting with the BRVM, the BRVM composite rose by 1.25% over the week to close at 555.48 points.

The BRVM30 also advanced by 1.42%.

That continued strength pushed the equity market's capitalization higher by 1.25%.