African Markets Review 08 19 19
- The Moroccan company S2M published a profit warning on its H1 2019 results;
- In Tunisia, SIPHAT’s financial results at end June 2019 showed a 23% decrease in its turnover to TND 12.8m, and a slight 1% increase in debt to TND 35.1m;
- The Bank of Ghana decided to revoke the licenses of 15 savings and loans companies, which it said were insolvent and could no longer meet the obligations of customers;
- Among the African Markets, the Egyptian Stock Exchange recorded the highest daily performance (+0.73%), whereas the Ghana Stock Exchange pointed the lowest one (-1.27%).
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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