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African Markets Review 01 27 2020

In Morocco, TAQA MOROCCO signed with the ONEE the extension of the contract for the supply of electrical energy of units 1 to 4 until 2044 to align it with the duration of that of units 5&6 of the Jorf Lasfar Thermal Complex; In Tunisia, TUNISIAN BANK announced that in 2019, the net banking income will improve by TND 125.3m compared to the end of December 2018, to reach TND 599m; In Egypt, ABU QIR FERTILIZERS's board approved financial results for the fiscal period starting January 01st and ending December 31st, 2019, which revealed posting after-tax profits of EGP 1.43bn, compared to net pr...

BKB Weekly Letter 01 24 2020 : The Stock Exchange closes on a positive note

A MASI up by 0.18% to 12,600.45 points and a MADEX rising by 0.19% to 10,284.87 points; Dynamic, the transactional volume amounted to MAD 270.6m, 54.4% of which was drained by transactions involving ITISSALAT AL-MAGHRIB, ATTIJARIWAFA BANK and BCP securities; CDM gained 5.69% to MAD 557 followed by BMCE BANK OF AFRICA which increased by 3.13% to MAD 198; REBAB COMPANY lost 5.79% to MAD 114 while ENNAKL fell by 5.41% to MAD 35.

Lettre quotidienne du 24 01 19: Clôture en territoire positif à la Bourse de Casablanca

Un MASI en hausse de 0,18% à 12 600,45 points et un MADEX en progression de 0,19% à 10 284,87 points ; Un volume transactionnel dynamique de M MAD 270,6 ; CDM s’apprécie de 5,69% à MAD 557 tandis que REBAB COMPANY perd 5,79% à MAD 114 ; Augmentation de capital clôturée avec succès pour ADDOHA ; Profit Warning sur les résultats de l’exercice 2019 pour INVOLYS.

Lettre quotidienne du 23 01 2020 : Clôture dans le rouge à la Bourse de Casablanca

Un MASI en régression de 0,44% à 12 577,83 points et un MADEX en repli de 0,45% à 10 265,6 points ; Un volume transactionnel dynamique de M MAD 378,2 ; ENNAKL poursuit son trend haussier et gagne 6,51% à MAD 37 tandis que ZELLIDJA perd 5,99% à MAD 94,01 ; Constatation d’un volume augmentation de capital de M MAD 799,9 relatif à l’opération de recapitalisation d’ADDOHA ; Profit Warning au titre de l’exercice 2019 pour IB MAROC.

Lettre quotidienne du 22 01 2020 : Clôture en territoire positif à la Bourse de Casablanca

- Un MASI en progression de 0,90% à 12 633,57 points et un MADEX en amélioration de 0,92% à 10 311,98 points ; - Un volume transactionnel très dynamique de M MAD 416,9 ; - ENNAKL s’apprécie de 9,59% à MAD 34,74 tandis que ALLIANCES perd 5,54% à MAD 49,11 ; - Une performance commerciale satisfaisante à fin 2019 pour ENNAKL

Lettre quotidienne du 21 01 2020 : Clôture dans le vert à la Bourse de Casablanca

Un MASI en progression de 0,27% à 12 521,23 points et un MADEX en amélioration de 0,28% à 10 218,32 points ; Un volume transactionnel moyennement dynamique de M MAD 127,4 ; SONASID gagne 3,27% à MAD 268,5 tandis que STROC INDUSTRIE se déprécie de 4,48% à MAD 11,3 ; Baisse de l’indice de confiance des ménages de 2 pts à 77,8 pts au T4 2019 en y-o-y

African Markets Review 01 24 2020

In Morocco, ADDOHA closed the increase in share capital by cash contribution and by offsetting liquid payable receivables of MAD 799,941,360; In Tunisia, the real estate company, ESSOUKNA, improves its turnover by 53% in 2019, from TND 10.5m in 2018 to TND 16.1m in 2019; In Egypt, the company CONSTRUCTION PRODUCTS HOLDING CO plans to complete the second phase of its SMEs industrial zone on October 6th with the construction of 28 industrial units, according to its CEO; All the covered African markets closed the previous session on a positive note, with, Ghana Stock Exchange recording the h...

African Markets Review 01 23 2020

In Morocco, IB MAROC released a Profit Warning about its 2019 financial achievements; In Tunisia, ICF specializing in the production of aluminum fluoride achieves a record turnover of TND 188m in 2019, an increase of 19% in y-o-y; In Egypt, EXTRACTED OILS's BoD approved financial results for the fiscal period ending December 31st, 2019, which revealed posting after-tax profits of EGP 1.774m, compared to net profits of EGP 7.716m a year earlier; The covered African Markets were well oriented yesterday, at the exception of Nairobi Securities Exchange (-0.39%) and Nigeria Stock Exchange (-0.02...

African Markets Review 01 22 2020

In Morocco, payment and withdrawal cards in circulation are up by 9.2% to nearly 15.6 million at end 2019 In Tunisia, ENNAKL published a press release on Q4 2019 achievements, showing a 14.1% increase in sales to TND 408.8m; In Egypt, GENERAL COMPANY FOR LAND RECLAMATION's BoD approved financial results for the fiscal period ending December 31st, 2019, which revealed incurring after-tax losses of EGP 737,000, compared to net losses of EGP 12.3m a year earlier; Among the covered African markets, Casablanca Stock Exchange recorded the highest daily performance (+0.27%), whereas Ghana Stock Ex...

African Markets Review 01 21 2020

In Morocco, OCP Created, with the Emirati Group AL ADHA, a new company SEEFCO with a share capital of USD 5m, based in Romania, and which would be specialized in the import, storage and marketing of fertilizers, according to the business press; In Tunisia, the consortium of NAREVA and ENGIE has been awarded the contract for the installation of the Gafsa photovoltaic plant. Under the terms of the agreement, the group will develop, design, finance, build and operate the 120 MW infrastructure over 20 years; In Egypt, ACTIS INVESTMENT FUND will announce signing an agreement with the country, to ...

African Markets Review 01 20 2020

n Morocco, INVOLYS changes the economic model and positioning on the consumer market through dedicated products, particularly in the fields of health, education and food safety, according to the business press; In Tunisia, at the end of the financial year ending December 31st, 2019, the ARAB TUNISIAN BANK saw its net outstanding loans reach TND 4.83bn, against TND 4.15bn in 2018, i.e. an increase of +16.4%; In Egypt, EGBANK's board approved financial results for the fiscal period ending December 31st, 2019, which revealed posting consolidated net profits of EGP 659.5m, compared to net profit...

Lettre quotidienne du 20 01 2020 : Du surplace à la Bourse de Casablanca

Un MASI et un MADEX en quasi-stagnation à 12 487,31 points et à 10 189,95 points respectivement ; Un volume transactionnel moyen de M MAD 80,5 ; ENNAKL gagne 4,43% à MAD 33 pour 1 titre échangé seulement tandis que IB MAROC perd 7,23% à MAD 38,5 ; Restructuration du modèle économique d’INVOLYS ; Nomination de Mme. Lamia TAZI au poste de Président Directeur Général de SOTHEMA

BMCE Capital Research 2019-2020 Annual Strategy - English

An estimated deceleration in world growth of 0.6 points to 3% for the year 2020 in the wake of trade and geopolitical tensions, according to the IMF; A phase 1 agreement expected in 2020 between China and the United States; A Brexit planned for January 31st, 2020 following the victory of the Conservative Party in the last British election; Upward wave at the end of the year on the stock market (+7.11%) reflecting a return of confidence on the part of investors; … A priori, this trend is set to continue in 2020 in the context of a still favorable equity arbitrage environment; Slower econom...