BMCE Capital Research Strategy March 2019
- Deceleration of the economic growth to +2.9% in Q4 2018 according to the latest HCP statistics ;
- Decision by BANK AL-MAGHRIB to maintain the key interest rate at 2.25% on the basis of anticipated growth in 2019 revised downwards to 2.7%...
- …But with a more optimistic outlook for 2020 with an estimated growth of 3.9% ;
- Continuation of the downward trend for the Casablanca Stock Exchange following listed companies’ worse than expected 2018 financial performance ;
- Good performance from the stock portfolio recommended by BMCE Capital Research (+0.68%) compared to that of MASI RB, which fell by 3.98%.
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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