African Market Review 06 23 2020
- In Morocco, STROC INDUSTRIE publication its 2019 accounts showing a turnover improving by 30.8% to MAD 61m for a NIGS of MAD -103.7m against MAD -116.2m as of 12/31/2018;
- In Tunisia, the Russian launcher Soyuz 2 must embark on November 15 a constellation of twenty nanosatellites stamped "100% Tunisian", a first for a country in the MENA region;
- In Egypt, the Central Bank is expected to leave its main interest rates steady this week despite a decline in inflation in May and continuing economic pain caused by the coronavirus, a Reuters poll showed;
- During this last session, most of the covered African markets recorded a downward trend with the Egyptian Stock Exchange pointing the lowest one (-2.98%) for the second consecutive time , while Ghana Stock Exchange recorded the highest daily performance (+0.72%).
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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