Morocco Equity Markets | 08 Oct 2015: Investors lose US$110 Million, All Shares Index 0.31% Lower, Most Active Shares Index 0.33% down …

Casablanca, Morocco, Capital Markets in Africa —The bear continued to show supremacy at the Casablanca Bourse equity trading floor. The Moroccan benchmark stock index (measured as MASI Index) dropped 0.31 percent to end at 8,965.86 points (with a year-to-date performance to -6.80 percent) with total market capitalization at MAD 451.773 billion (a decrease of MAD 1.07 billion or US$110 million relative to previous market capitalization of MAD 452.840 billion). The market activity measured as total traded value was recorded at MAD 142.832 million compared to MAD 67.043 million recorded at previous trading session.

In the same negative mood, Moroccan most active share index (MADEX) closed at 7,317.66 points (plunged by 0.33 percent compared to previous trading session). FTSE CSE Morocco 15 Index dropped 0.13 percent to close at 7,776.25 points (-11.84 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index slashed by 0.14 percent to end at 7,525.48 points (to bring the year-to-date performance to -6.64 percent).

In term of sector indices, top gainers were Oil & Gas, Telecommunications and Electricity sector indices gained 0.97 percent, 0.85 percent and 0.82 percent respectively. On the losers’ side, Electrical & Electronic Equipment sector index (slumped by 5.86 percent to close the year-to-date performance at -18.84 percent), Real Estate sector index (fell by 1.87 percent to end at -48.22 percent year-to-date return) and Construction & Building Materials sector index (cooled off by 1.62 percent to end at 16,185.47 levels).

Looking at the market price leaders and laggards, the leaders’ were Colorado SA grew by  5.97 percent to close at MAD 72.72 and REBAB Co SA Limited added 3.86 percent to settle at MAD 140.00. TOTAL MAROC also gained 3.19 percent or MAD 17.90 with closing price of MAD 579.90 as well as DISWAY jumped by 1.85 percent to end at MAD 220.00. On the laggards side, ALLIANCE and SONASID tumbled by 9.94 percent (to settle at MAD 27.00) and sagged by 5.99 percent (to trade at MAD 532.10) respectively. NEXANS MAROC and CIH Morocco also plunged by 5.66 percent (with closing price of MAD 140.00) and dropped 5.17 percent (to settle at MAD 275.00) respectively.

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