African Markets Review 09 11 2020
- In Morocco, CIH BANK publishes a press release on H1 2020 results showing a +17.4% increase in consolidated NBI and a -69.8% drop in net income;
- In Tunisia, The Bank of Tunisia announced a half-yearly net profit down 51% to TND 36.4m against TND 75.3m at the end of the first half of the past year;
- In Egypt, The country’s consumer price inflation decreased to 3.4% in August 2020, compared to 4.2% in July;
- Good overall orientation of the covered African financial markets yesterday with Nairobi Securities Exchange recording the best performance of the day (+2.09%) while the Ghana Stock Exchange posted the worst one (-0.03%).
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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