African Markets Review 08 19 2020
- In Morocco, AUTO NEJMA published a press release on activity indicators at the end of June 2020, showing a drop of 11.5% of the turnover to MAD 950m for sales down by -30% ;
- In Tunisia, the volume of banknotes and coins in circulation crosses the TND 16bn mark ;
- In Egypt, the Arab Monetary Fund expects Egypt’s economy to grow 2% in 2020, against general Arab economic contraction;
- All the covered African markets, recorded a negative daily performance except for the Dar Es salam Stock Exchange that posted a positive variation (+0.29%).
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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