African Markets Review 02 19 2020
- In Morocco, CDM published its 2019 results showing a 4.3% increase in its NBI to MAD 2.4bn, a 6.6% increase in the cost of risk to MAD 321.1m, a 13.6% decline in its NIGS to MAD 508.8m, including the impact of the tax audit in 2019;
- Tunisia has just imported 50,000 tons of feed barley at an average price of USD 212.89 per ton, showing an increase of 13.67% compared to the local price, according to the NATIONAL OFFICE OF AGRICULTURE;
- In Egypt, COMMERCIAL INTERNATIONAL BANK got the Financial Regulatory Authority's approval to publish the disclosure report regarding the capital increase. The company will issue 492,560,450 shares at par value of EGP 10 per share;
- Among the covered African markets, only Dar Es Salaam Stock Exchange recorded the highest daily performance (+0.27%) followed by Tunis Stock Exchange (+0,16%), whereas the Egyptian Stock Exchange pointed the lowest one (-1.15%).
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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