African Markets Review 02 18 2020
- In Morocco, JET CONTRACTORS published an amended notice relating to the AGM to be held on 03/20/2020 (instead of March 10th previously), in order to rule in particular on the authorization to issue a bond of a maximum of MAD 200m;
- In Tunisia, SIPHAT's turnover amounts to TND 22.3m at end 2019, compared to TND 30.9m one year earlier;
- In Egypt, the BoD of MEMPHIS PHARMACEUTICAL approved financial results for the financial period ending January 31st, 2019, which revealed posting tax-deducted profits of EGP 3.53m, compared to incurring losses of EGP 17.1m a year earlier;
- Among the covered African markets, Ghana Stock Exchange recorded the highest daily performance (+1.11%), whereas Nigeria Stock Exchange pointed the lowest one (-0.67%).
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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