African Markets Review 11 28 18
- The Moroccan Company, BCP, released its financial results in Q3 2018, showing:
- A 3.3% increase in Net Banking Income to MAD 12.3bn;
- An 18.3% decrease in cost of risk to MAD 2.1bn;
- And, a near-stagnation in NIGS (+0.06%) to MAD 2.1bn.
- The CENTRAL BANK OF TUNISIA announced a decrease in currency reserves, as of 26/11/2018, to TND 12,697m, i.e. 78 days of imports;
- SOUTH AFRICA AIRWAYS needs USD 540m in working capital from next month, which will be used to facilitate the day-to-day operations in financial difficulty for several years;
- During the last session, the Egyptian stock market recorded the highest daily performance (+1.26%), while the Nigerian stock exchange recorded the lowest one (-1.50%).
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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