Report

African Markets Review 04 01 21

  • In Morocco, ALUMINIUM DU MAROC published its FY2020 indicators, reporting a -16% decrease in turnover and a net income down by -46%;
  • In Tunisia, the UIB made a net profit of around TND 61.6m, compared to a gain of TND 117m in 2019;
  • Egypt’s B INVESTMENTS HOLDING has announced a consolidated net profit shot up by 66.2% year-on-year (YoY) to EGP 287.9m in 2020.
  • All African markets closed lower yesterday with the Nairobi Stock Exchange posting the highest daily underperformance (-1.46%) as inflation is rising in the country while the BRVM Stock Exchange seem to be resisting (+0.54%).

 

        

Provider
BMCE Capital Global Research
BMCE Capital Global Research

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.

Analysts
Ghita BENIDER

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