Morocco Equity Markets | 21 Sep 2015: The bullish mood opens the Equity Markets, investors US$102 Million Richer …

Casablanca, Morocco, Capital Markets in Africa — At the beginning of the week,  Casablanca Bourse equity trading closed in the positive sentiment. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.27 percent to close at 9,087.24 points (with a year-to-date performance to -5.54 percent) with total market capitalization at MAD 465.523 billion (an increase of MAD 982 million  or US$102 million relative to previous market capitalization of MAD 464.541). The market activity measured as total traded value was recorded at MAD 49.798 million.

Likewise, Moroccan most active share index (MADEX) closed at 7,434.23 points (soared by 0.29 percent compared to previous trading session). FTSE CSE Morocco 15 Index plunged by 0.11 percent to close at 7,933.47 points (-10.06 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index gained 0.06 percent to end at 7,609.08 points (to bring the year-to-date performance to -5.61 percent).

In term of sector indices, top gainers were Materials, Software & Computer Services, Leisures & Hotels and Utilities sector indices surged by 5.28 percent, 3.13 percent and 1.86 percent respectively. On the negative side, Chemical sector index (sagged by 3.92 percent to close the year-to-date performance at -48.32 percent), Construction & Building Materials sector index (plunged by 0.52 percent to end at 3.71 percent year-to-date return) and Telecommunications sector index (sagged by 0.52 percent to end at 1,613.97 levels).

Looking at the market price leaders and laggards, the leaders’ were, DISWAY surged by 9.98 percent to end at MAD 217.65 and S.M. MONETIQUES soared by 5.99 percent to settle at MAD 191.85. HPS also rose by 5.99 percent or MAD 25.65 with closing price of MAD 453.65 as well as FENIE BROSSETTE climbed by 5.85 percent to conclude at MAD 113.00. However, MAROC LEASING and M2M GROUP plunged by 6.00 percent (to settle at MAD 347.80) and 5.99 percent (to trade at MAD 255.40) respectively. SNEP and LAFARGE CIMENTS also sagged by 4.91 percent (with closing price of MAD 105.55) and crashed by 2.50 percent (to settle at MAD 1,600.00) respectively.

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