African Markets Review 09 07 2020
- In Morocco, MUTANDIS publishes its indicators in H1 2020 showing a consolidated sales stable compared to H1 2019 at MAD 683m and a slight drop in EBITDA of -1% to MAD 105m;
- In Tunisia, the UNIMED Company announces net profit down 48% in the first half of TND 5.7m;
- In Egypt, a total of 17 banks operating in the Egyptian market achieved combined net profits of about EGP 18.656bn in the first half (H1) of 2020;
- Among the covered African markets, Ghana Stock Exchange recorded the best daily performance (+0.75%) while the Nairobi Securities Exchange posted the worst variation (-1.40%).
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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