Shares in Bank of Africa Bénin closed at 9,365 FCFA (€14.3) on October 30, up 60.1% since the start of the year and ahead of the 54.7% gain in the BRVM Composite index, the regional stock exchange BRVM's daily price list showed. Shares in the national lottery LNB, Benin's other listed company, fell 8.0% over the same period to 3,950 FCFA (€6.02).
Analysis: BOA Bénin slightly outperformed the regional stock index, while lottery operator LNB fell despite reporting 72% growth in nine-month profit. LNB's dividend paid in August was 40% below the previous year's level, which may have discouraged income-focused investors. But trading is thin: only 13.4mn FCFA (€20,400) of BOA Bénin shares changed hands on October 30, making prices sensitive to relatively small orders. LNB's full-year results, due by April 2027, should clarify whether the earnings rebound is sustained.
Source: Bourse Régionale des Valeurs Mobilières (BRVM), BRVM, Bulletin officiel de la cote, session of October 30, 2026, October 30, 2026 (close) and December 31, 2025 to October 30, 2026 and October 30, 2026 (session); Loterie nationale du Bénin SA via BRVM, Loterie nationale du Bénin SA, Rapport d'activités troisième trimestre 2026 (BRVM filing), January-September 2026; Bourse Régionale des Valeurs Mobilières (BRVM), BRVM, Bulletin officiel de la cote, session of December 31, 2025, December 31, 2025 (close) and Paid July 31, 2025