Morocco Equity Markets | 02 Oct 2015: Equity Traders Smile Home with US$161 Million …

Casablanca, Morocco, Capital Markets in Africa —On Friday, the equity trading witnessed a relief by ending in positive mood. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.23 percent to close at 9,117.50 points (with a year-to-date performance to -5.22 percent) with total market capitalization at MAD 458.968 billion (an increase of MAD 1.7 billion or US$161 million relative to previous market capitalization of MAD 457.400). The market activity measured as total traded value was recorded at MAD 24.119 million compared to MAD 155.646 million recorded at previous trading session.

Likewise, Moroccan most active share index (MADEX) closed at 7,449.61 points (rose by 0.12 percent compared to previous trading session). FTSE CSE Morocco 15 Index grew by 0.05 percent to close at 7,963.65 points (-9.72 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index rose by 0.22 percent to end at 7,674.07 points (to bring the year-to-date performance to -4.80 percent).

In term of sector indices, top gainers were Construction & Building, Electricity and Transport sector indices grew by 2.09 percent, 1.97 percent and 1.79 percent respectively. On the losers’ side, Chemicals sector index (sagged by 4.42 percent to close the year-to-date performance at -50.15 percent), Leisures & Hotels sector index (lost 3.06 percent to end at -42.38 percent year-to-date return) and Forestry & Paper sector index (fell by 21.30 percent to end at 21.30 levels).

Looking at the market price leaders and laggards, the leaders’ were CDM advanced by 6.00 percent to end at MAD 487.60 and ALUMINIUM MAROC grew by5.87 percent to settle at MAD 1,245.00. JET CONTRACTOR also gained 5.44 percent or MAD 9.80 with closing price of MAD 190.00 as well as M2M Group climbed by 5.04 percent to end at MAD 236.75. Conversely, ALLIANCE and S.M. MONETIQUE plunged by 10.00 percent (to settle at MAD 38.61) and slipped by 6.00 percent (to trade at MAD 192.70) respectively. TOTAL MAROC and STROC INDUSTRIES also declined by 6.00 percent (with closing price of MAD 35.70) and dropped by 5.97 percent (to settle at MAD 63.00) respectively.