African Markets Review 11 27 19
- In Morocco, BMCI published its Q3 2019 results showing a near stagnation (-0.2%) of its NBI at MAD 2.3bn, a 10.6% decrease in the cost of risk to MAD 305.6m and, a 1.7% increase in NIGS to MAD 467.7m;
- In Tunisia, the EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT announced that it has provided financial support worth EUR 20m to nearly 1,000 companies over the past four years;
- In Egypt, ACROW MISR posted at end September net profits of EGP 77m, compared to net profits of EGP 135m in the same period last year;
- Among the covered African markets, BRVM Stock Exchange recorded the highest daily performance (+0.46%), whereas the Egyptian Stock Exchange pointed the lowest one (-1.38%) for the fourth time in a row.
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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