African Markets Review 11 05 18
- In Morocco, automotive sales increased by 2.6% to 141,033 units at the end of October 2018, according to the business press;
- The Tunisian Company SERVICOM released its financial results at September 30th, 2018 showing consolidated revenues down by 34% to TND 27.7m compared to the same period a year earlier;
- Nigeria’s projected earnings from crude oil and gas export for the first half of the year failed to hit the Federal Government’s target of NGN 661.38bn as earnings stood at NGN 207.54bn;
- Among the African markets, the Nigerian stock market recorded the highest daily performance (+0.42%), while the BRVM stock exchange recorded the lowest one (-0.51%).
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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