Report

African Markets Review 02 15 2021

  • In Morocco, MAGHREB OXYGENE published a Profit Warning anticipating a -24% drop of its net income in 2020 due to the difficult economic situation induced by the pandemic;
  • In Tunisia, the automatic adjustment of hydrocarbon prices contributed between April and December 2020 to a 6% reduction in the price of ordinary gas oil, a 10% fall in the price of sulphur-free gas oil and a 7% drop in the price of unleaded petrol;
  • In Egypt, The CTP, a full-service real estate company specializing in building business parks, plans to investment USD 600m in Egypt within a period of five years;
  • An outstanding daily performance was recorded by the Ghana Stock Exchange for the second consecutive session (+3.50%), however the Nigeria Stock Exchange posted the worst one (-1.40%).
Provider
BMCE Capital Global Research
BMCE Capital Global Research

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.

Analysts
Ghita BENIDER

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