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African Markets Review 09 27 19

  • In Morocco, TOTAL, publishes its H1 2019 results, displaying its consolidated turnover increasing by 5.9% to MAD 6,033.2m, its consolidated EBIT down by 30.6% to MAD 385.9m, and its consolidated net income decreasing by 38.8% to MAD 275.5m;
  • In Tunisia, TELNET HOLDING, publishes its H1 2019 individual and consolidated financial statements showing, an 11.83% improvement in y-o-y in its consolidated revenues to TND 21.73m (+32.32% to TND 1.74m in individual terms), and, a 51.13% decrease in its NIGS to TND 2.06m (down by -42.51% to TND 7.46m in individual terms);
  • In Egypt, the trade balance deficit went down by USD 80m y-o-y during the first eight months of 2019;
  • Among the covered African Markets, the Nigerian Stock Exchange recorded the highest daily performance (+1.94%), not far behind, the Egyptian Stock Exchange with (+1.93%), whereas BRVM Stock Exchange pointed the lowest one (-1.27%).
Provider
BMCE Capital Global Research
BMCE Capital Global Research

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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