African Markets Review 08 22 19
- In Morocco, EUROGATE TANGER will invest EUR 140m to improve the capacities of four ZPMC type cranes in the second terminal of TANGER MED 1 port;
- In Tunisia, SOTEMAIL published its H1 2019 financial results, showing a 20.62% increase in revenues to TND 27.55m and a net profit of TND 1.01m against TND 0.20m in H1 2018;
- The South African Company SANLAM published a Profit Warning on H1 2019 results, showing EPS and Net income declining from 25% up to 35%, due to the first consolidation of SAHAM FINANCES and NUCLEUS as Group subsidiaries and the recognition of an expense of USD 111m for international financial transactions;
- Among the African Markets, the Nigeria Stock Exchange recorded the highest daily performance (+1.10%), whereas Casablanca Stock Exchange pointed the lowest one (-0.57%).
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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