Report

Equity Risk Premium during H2 2017 and investors barometer

A slight rise for the risk premium

  • A globally volatile stock market in H1 2017 with an average daily volume of MAD 174m, up by 41.8% compared to H1 2016 and y-t-d performances of 3.19% and 2.97% respectively for the MASI and the MADEX;
  • … In a context of rising interest rates both in the short and the long-term …;
  • … Offset by the upward revision of our forecasts regarding the future achievements of listed companies in the wake of the expected improvement in economic and sectoral conditions …;
  • … Hence an updated risk premium slightly rising by 0.3 point to 6%.
Provider
BMCE Capital Global Research
BMCE Capital Global Research

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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