African Markets Review 11 25 2020
- In Morocco, INVOLYS publishes its activity indicators in Q3 2020, highlighting a turnover down -39% y-o-y to MAD 8.2m;
- In Tunisia, PANORO ENERGY announced to have achieved a total turnover of USD 7.6m in the third quarter of 2020, with a positive EBITDA of USD 2.4m;
- In Egypt, ELSABA AUTOMOTIVE has frozen its investments during the current year due to the negative local and international repercussions of the novel coronavirus pandemic;
- Overall well oriented performance in most of the covered African markets, with the Casablanca Stock Exchange recording the best daily performance (+0.87%) while Nairobi Securities Exchange posted the worst one (-0.54%).
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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