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African Markets Review 08 12 2020

  • In Morocco, OCP launched the construction of a new factory in Jorf Lasfar to allow the doubling of the production capacity of its subsidiary EMAPHOS;
  • In Tunisia, CARTHAGE CEMENT announced a net loss of TND 51m in 2019;
  • The volume of petrol imported into Nigeria in May plummeted by 72.6%, according to the business press;
  • The Government of Ghana will today start the process for the issuance of seven-year treasury bonds with the opening of the book-build, according to the business press;
  • Decrease of Gold and Silver prices by -5.66% and -10.98% respectively;
  • Among the covered African markets, BRVM recorded the best daily performance (+0.92%) while the Egyptian Stock Exchange posted the worst variation (-2.98%).
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
Hicham SAÂDANI

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