African Markets Review 10 19 2020
- In Morocco, MAROC TELECOM published its achievements in Q3 2020 showing a decrease in consolidated turnover of -3.1% to MAD 9,174m;
- In Tunisia, LAND’OR was able to achieve sales growth of +22% during the third quarter, thus bringing the rise of +15% to reach TND 94.9m;
- In Egypt, UPTURN DEVELOPMENTS has pumped a total of about EGP 300m in investments into its residential projects, including 23 diversified projects in New Cairo;
- The Nigerian Stock Exchange recorded the best daily performance (+1.11%) among the covered markets, while Casablanca Stock Exchange posted the worst one (-0.48%).
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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