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African Markets Review 04 23 19

  • In Morocco, BCP will be granted an authorization at the 05/02/19 AGM for the repurchase program of 5% of the share capital, i.e. 9,112,733 shares, for a minimum sale price of MAD 189 and a maximum purchase price of MAD 351, as well as the liquidity contract covered by the repurchase program;
  • In Tunisia, SOCIETE TUNISIENNE DE BANQUE published its 2018 individual and consolidated financial statements showing :
  • A 32.9% improvement in consolidated NBI to TND 466.17m (+23.7% to TND 473.38m on an individual basis);
  • And, a consolidated net profit of TND 87.86 million compared to TND 38.95 million in 2017 (+22.9% to TND 80.85 million on an individual basis);
  • Last Friday, Togo raised XOF 77bn through a fungible Treasury bond issuance;
  • In this first weekly session, Casablanca Stock Exchange recorded the highest daily performance (+0.31%) and the Egyptian Stock market recorded the lowest one (-0.25%).
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.

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