Morocco Equity Markets | 21 Oct 2015: Morocco equity markets stay in red district … Market cap MAD 2 billion, indices down

Casablanca, Morocco, Capital Markets in Africa —On Wednesday, the bearish trends persisted at the Casablanca Stock Exchange equity trading session. The Moroccan benchmark stock index (measured as MASI Index) waned by 0.49 percent to end at 8,985.03 points (with a year-to-date performance to -6.60 percent) with total market capitalization at MAD 452.963 billion (a decrease of MAD 1.9 billion or US$198 million relative to the previous market capitalization of MAD 454.870 billion).

The market activity measured as total traded value was recorded at MAD 38.296 million compared to MAD 16.690  million recorded at the previous trading session.

In the same negative sentiment, Moroccan most active share index (MADEX) closed at 7,375.72 points (waned by 0.48 percent compared to the previous trading session). FTSE CSE Morocco 15 Index lost 0.31 percent to close at 7,862.71 points (-10.86 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index sagged by 0.56 percent to end at 7,569.41 points (to bring the year-to-date performance to -6.10 percent).

In term of sector indices, top gainers were Chemicals, Forestry & Paper and Utility sector indices gained 4.63 percent, 1.93 percent and 1.67 percent respectively. On the other hand, Holding Companies sector index (lost 4.14 percent to close the year-to-date performance at -25.68 percent), Leisure & Hotels sector index (tumbled by 2.60 percent to end at -44.24 percent year-to-date return) and Construction & Building sector index (fell by 2.21 percent to end at 15,625.96 levels).

Looking at the market price leaders and laggards, the leaders’ were SNEP advanced by 5.99 percent to end at MAD 91.32 and STROC INDUSTRIE moved up by 5.76 percent to trade at MAD 47.00. SONASID also gained 5.64 percent or MAD 29.90 with a closing price of MAD 559.90 as well as M2M Group advanced by 5.56 percent to end at MAD 12.00. Contrary, CMD and FENIE BROSSETTE declined by 6.00 percent (to settle at MAD 458.35) and decreased by 5.99 percent (to trade at MAD 106.70) respectively. HOLCIM MAROC and DELTA HOLDINGS also fell by 5.05 percent (with a closing price of MAD 1,899) and crashed by 4.22 percent (to settle at MAD 22.00) respectively.

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