African Markets Review 04 03 2020
- In Morocco, AUTO HALL published a press release listing the 2019 achievements showing a consolidated turnover down by 8% to MAD 4,424m, an EBITDA up by 4% to MAD 456m, a consolidated NI rising by 6% to MAD 159m, a proposed DPS of MAD 3.5;
- In Tunisia, ZENITH ENERGY has signed an exclusive agreement to acquire an interest in an onshore production field;
- In Egypt, PALM HILLS DEVELOPMENTS posted consolidated net profits of EGP 906,2m in the fiscal year 2019, compared to net profits of EGP 906,9m in the same period a year ago, taking into account the minority rights;
- Among the African markets covered, the Nairobi Securities Exchange recorded the highest daily performance (+1.94%), while Casablanca Stock Exchange recorded the lowest (-1.87%).
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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