Morocco Equity Markets | 06 Oct 2015: Blood on Casablanca Stock Exchange, indices and market cap US$259 Million down

Casablanca, Morocco, Capital Markets in Africa —Casablanca Bourse continued to shed blood as both market capitalization and indices ended lower. The Moroccan benchmark stock index (measured as MASI Index) fell by 0.57 percent to close at 9,048.40 points (with a year-to-date performance to -5.94 percent) with total market capitalization at MAD 455.645 billion (a decrease of MAD 2.5 billion or US$259 million relative to previous market capitalization of MAD 458.160 billion). The market activity measured as total traded value was recorded at MAD 55.332 million compared to MAD 218.387 million recorded at previous trading session.

Likewise, Moroccan most active share index (MADEX) closed at 7,388.34 points (sagged by 0.62 percent compared to previous trading session). FTSE CSE Morocco 15 Index lost 0.62 percent to close at 7,853.99 points (-10.96 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index slashed by 0.79 percent to end at 7,588.82 points (to bring the year-to-date performance to -5.86 percent).

In term of sector indices, top gainers were Chemicals, Forestry & Paper and Electricity sector indices rose by 3.03 percent, 1.06 percent and 0.89 percent respectively. On the losers’ side, Engineering & Equipment sector index (lost 2.30 percent to close the year-to-date performance at -41.46 percent), Telecommunication sector index (sagged by 1.73 percent to end at -5.27 percent year-to-date return) and Real Estate sector index (crashed by 1.64 percent to end at 8,787.07 levels).

Looking at the market price leaders and laggards, the leaders’ were REBAB Company gained 6.00 percent to close at MAD 127.20 and S.M. MONETIQUE rose by 4.47 percent to settle at MAD 198.50. AUTO NEJIMA also grew by 4.00 percent or MAD 68.00 with closing price of MAD 1,768.00 as well as SNEP jumped by 3.82 percent to end at MAD 105.95. Conversely, STROC INDUSTRIE and ALLIANCE plummeted by 10.00 percent (to settle at MAD 54.00) and fell by 9.94 percent (to trade at MAD 32.69) respectively. Colorado and INVOLYS also plunged by 6.00 percent (with closing price of MAD 68.62) and dipped by 6.00 percent (to settle at MAD 124.10) respectively.

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