African Markets Review 09 20 19
- In Morocco, WAFA ASSURANCE publishes a press release concerning its
H1 2019 results, showing a 3.1% increase in its turnover to MAD 4,658m and a 3.7% rise in its net income to MAD 431m; - In Tunisia, GROUPE MARHABA publishes its consolidated financial statements at 12/31/2018, showing revenues up by 43.31% to TND 13.74m and a net loss of TND -2.97m against a loss of TND -2.08m a year earlier;
- In Egypt, WADI KOM OMBO posted net profits of EGP 29.33m compared to net profits of EGP 27.98m in the same period a year ago;
- Almost all the African markets performed negatively during the last session, except the Mauritius Stock Exchange that recorded a daily performance near stagnation (+0.04%), while Ghana Stock Exchange closed the ranking
(-0.95%).
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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