African Market Review 05 05 2021
TAQA MOROCCO convened its shareholders to the AGM scheduled on June 07, 2021, which should notably rule on the distribution of a DPA of MAD 35 (against MAD 36 one year earlier);
QNB Tunisia suffered a record loss of TND 111m in 2020 after the loss recorded at the end of the 2019 fiscal year, which resulted in a deficit of TND 46m;
The percentage of economic losses in Egypt was relatively limited as a result of avoiding a complete curfew and investing in a huge stimulus package;
Another well oriented session for the majority of the covered African Markets except for the Nigeria Stock Exchange that ended the day on a negative note of -0.10%.
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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