African Markets Review 03 08 19
- In Morocco, SONASID published a Profit Warning for the 2018 financial year, showing a 39% y-o-y decrease in net income;
- In Tunisia, TUNIS INTERNATIONAL BANK has just published its 2018 financial statements, showing a 23% increase in net profit to USD 12m;
- The Togolese Government expects non-tax earnings to amount to XOF 73bn, in line with its 2019 budget forecast;
- For the first time this week, the Egyptian Stock Exchange recorded the highest daily performance (+1.76%) whereas the West African Stock Market recorded the lowest one (-0.37%).
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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