BMCE Capital Research Strategy May 2019 - English
Downward revision of 2019 Moroccan growth by the EBRD (3.2%) and EULER HERMES (2%); 5.9% y-o-y decrease in the Treasury deficit to MAD -14.1bn at the end of April 2019;
Widening of the trade deficit by 5% to MAD -67.3bn at the end of April compared to the same period last year;
Continuing downward trend for the Casablanca Stock Exchange with a MASI and a MADEX down by -3.21% and -3.16% respectively at the end of May in y-t-d;
Excellent performance of the portfolio of securities recommended by BMCE Capital Research (+5.68%) compared to that of MASI RB, which fell by -3.21%.
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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