African Markets Review 08 10 2020
- In Morocco, decrease of 10.3% in the overall compensation for consumer subsidies to MAD 6.3bn at the end of June 2020, according to the business press;
- In Tunisia, the company SOTUMAG improves its net profit by nearly 50% in 2019;
- In Egypt, the annual inflation records 4.6% in July, a 0.2% monthly rise, according to the business press;
- Among the covered African markets, Nairobi Securities Exchange recorded the best daily performance (+2.03%) while the Egyptian Stock Exchange posted again the worst variation (-2.98%).
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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