African Markets Review 02 28 2020
- In Morocco, LAFARGEHOLCIM published its quarterly results showing a 1% decrease in quarterly sales to MAD 2,057m compared to Q4 2018, a 0.4% decline to MAD 7,85m in cumulative revenues compared to 2018 and a 1.1% reduction to MAD 6,85m in net debt compared to 2018;
- In Tunisia, CARTHAGE CEMENT decides to extend the subscription period for the capital increase. Until March 6th, 2020 inclusive;
- In Egypt, ALEXANDRIA CEMENT incurred consolidated net losses of EGP 236.3m, compared to net losses of EGP 394.2m a year ago, taking into account the minority rights;
- Among the covered African markets, BRVM Stock Exchange recorded the highest daily performance (+0.79%), whereas the Egyptian Stock Exchange pointed the lowest one
(-1.12%).
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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