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Morocco Equity Watch | 29 June 2015: Morocco equity markets starts on weak note…MASI Index down by 38bps
Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market started the week on a bearish note. The Moroccan benchmark stock index (measured as MASI Index) decreased by 0.38 percent to close at 9,538.63 points (with a year-to-date performance to -0.85 percent) with total market capitalization at MAD 484.404 billion and market activities measured as total traded value was recorded at MAD 1,070 million.
The Moroccan most active share index (MADEX) closed at 7,807.09 points (fell by 0.31 percent compared to previous trading session). Also, FTSE CSE Morocco 15 Index decreased by 0.28 percent to close at 8,325.04 points (-5.62 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index declined by 0.23 percent to end at 7,940.30 points (to bring the year-to-date performance to -1.50 percent).
In term of sector indices, top gainers were Forestry & Paper, Utilities and Materials, Software & Computer Services sector indices climbed by 1.13 percent, 0.67 percent and 0.31 percent respectively. On the losers’ side were Leisure & Hotels sector index (plunged by 5.92 percent to close the year-to-date performance at -25.28 percent), Beverages sector index (declined by 5.11 percent to end at -2.89 percent year-to-date return) and Chemicals sector index (went down by 4.75 percent).
Looking at the market price leaders and laggards, the leaders’ were, AXA CREDIT advanced by 2.93 percent to end at MAD 351.00 and HOLCIM MAROC surged by 2.18 percent to settle at MAD 2,248.00. Likewise, MED PAPER gained 1.13 percent or MAD 0.18 with closing price of MAD 16.18 as well as DISWAY rose by 0.89 percent to conclude at MAD 219.95.
On the contrary, FENIE BROSSETE and ALLIANCES stumbled by 6.00 percent (to settle at MAD 122.20) and 5.99 percent (to end at MAD 75.01) respectively. Equally, BRASSERIES DU MAROC and RISMA plunged by 5.97 percent (with closing price of MAD 2,094.00) and 5.92 percent (to settle at MAD 210.00) respectively.