African Markets Review 09 19 19
- In Morocco, ATTIJARIWAFA BANK publishes its H1 2019 results, showing a 4.3% increase in its consolidated NBI to MAD 11,776.6m, an 11% decline in the cost of risk to MAD 913.6m, and a 4.9% rise in its NIGS to MAD 2,934.8m;
- In Tunisia, tourism revenues increased by 46.3% to TND 4.09bn on 09/10/2019, according to the data from the Central Bank;
- In Ghana, the provisional GDP increased to 5.7% y-o-y in Q2 2019 with oil and gas as a major contributor, compared to 5.4% recorded in the same period a year ago;
- Among the covered African markets, Nigeria Stock Exchange recorded the highest daily performance (+1.52%), whereas BRVM Stock Exchange pointed the lowest one (-0.89%)
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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