Morocco Equity Markets | 19 Nov 2015: Morocco equity indices end higher, investors pocket US$68 million

Casablanca, Morocco, Capital Markets in Africa —Positive sentiment returned to the Casablanca Stock Exchange at the end Thursday’s trading session. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.15 percent to close at 9,192.85 points (with a year-to-date performance to -4.44 percent) and the equity market capitalization ended at MAD 462.330 billion (a drop of MAD 670 million or US$67.7 million relative to previous market capitalization of MAD 461.660). The market activity measured as total traded value was recorded at MAD 388.019 million relatively to the previous total value of MAD 132.624 million.

 The Moroccan most active share index (MADEX) ended at 7,502.45 points (rose by 0.27 percent compared to the previous trading session). FTSE CSE Morocco 15 Index added 0.45 percent to close at 7,852.81 points (-10.97 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index surged 0.45 percent to end at 7,710.22 points (to bring the year-to-date performance to -4.35 percent).

In term of sector indices, top gainers were Utility, Real Estate and Construction & Building Materials sector indices grew by 3.46 percent, 1.14 percent, and 0.85 percent respectively. On the laggards’ side, Electrical & Electronic Equipment sector index (dipped by 5.98 percent to close the year-to-date performance at -19.39 percent), Beverages sector index (lost 5.15 percent to end at -0.56 percent year-to-date return) and Chemical sector index (sagged by 4.63 percent to end at 987.83 levels).

Looking at the market price leaders and laggards, the gainers’ were M2M Group grew by 4.79 percent to close at MAD 254.80 and STROC INDUSTRIES added 3.60 percent to trade at MAD 1.80. LYDEC also added 3.46 percent or MAD 14.00 with a closing price of MAD419.00 as well as RES DAR SAADS jumped by 3.45 percent to end at MAD 150.00. BMCI surged by 3.39 percent to trade at MAD 640.00. On the other hand, NEXANS MAROC and BRASSERIES MAROC plummeted by 5.98 percent (to close at MAD 18.52) and sagged by 5.96 percent (to end at MAD 2,194.00) respectively. SNEP and MICRODATA also went down by 5.84 percent (with a closing price of MAD 98.82) and dropped by 4.92 percent (to close at MAD 115.00) respectively. AUTO HALL also dipped by 2.63 percent to conclude at MAD 94.50.

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