African Markets Review 03 08 2021
-In Morocco, SMI published a press release on the 2020 results displaying a +7% increase in its Net Income to MAD 97m;
- In Tunisia, the inflation rate reached 4.9% in February 2021, recording stability for the fourth consecutive month after reaching a rate of 5.4% in October 2020;
- Egypt’s net international reserves recorded USD 40.2bn in February, up from the USD 40.1bn in January 2021;
- Unsatisfactory performances were spotted in the majority of the covered markets in this last session of the week, except for the Tunis Stock Exchange that recorded (+0.57%).
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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