African Markets Review 03 06 19
- ACS, the Spanish operator, was awarded a MAD 2.8bn contract of the Moroccan company OCP, concerning basic engineering works, retail engineering, supply of equipment and materials, construction and commissioning of two sulfuric acid plants of 5,000 tons per day, according to the business press;
- In Tunisia, real estate prices increased by 2.5% at end Q4 2018 compared to Q3 2018 and by 0.4% y-o-y, according to the National Institute of Statistics;
- SONATEL, the Senegalese subsidiary of ORANGE Group, announced a turnover record of XOF 1,022bn (about USD 1.76bn) in 2018;
- In this second session, the African markets closed on a negative note except the Nigerian Stock Exchange that, for the second time in a row, recorded the highest daily performance (+0.30%). The lowest daily performance (-1.02%) was recorded in the West African Stock Market.
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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