Morocco Equity Markets | 05 Nov 2015: Equity markets continue uptrend, investors reward with US$ 323 million …

Casablanca, Morocco, Capital Markets in Africa — The Bull continued its supremacy on the Moroccan equity trading session after the Moroccan benchmark stock index (measured as MASI Index) surged by 0.65 percent to end at 9,172.84 points (with a year-to-date performance to -4.65 percent). The equity market capitalization ended at MAD 462.554 billion (an increase of MAD 3.13 billion or US$323 million relatively to the previous market capitalization of MAD 459.420 billion).

The market activity measured as total traded value was recorded at MAD 47.167 million compared to MAD 64.159 million recorded at the previous trading session.

At the same time, Moroccan most active share index (MADEX) closed at 7,482.93 points (adding 0.83 percent compared to the previous trading session). FTSE CSE Morocco 15 Index marginally surged by 1.06 percent to close at 7,862.15 points (-10.87 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index advanced by 0.87 percent to close at 7,671.53 points (to bring the year-to-date performance to -4.83 percent).

In term of sector indices, top gainers were Holdings Companies, Electricity and Distributors sector indices advanced by 4.75 percent, 3.24 percent and 3.06 percent respectively. On the other hand, Distributors sector index (dropped 3.45 percent to close the year-to-date performance at -0.53 percent), Oil & Gas sector index (dipped by 2.68 percent to end at 7.88 percent year-to-date return) and Material & Computer Services sector index (lost 1.24 percent to end at 456.08 levels).

Looking at the market price movers and shakers, the movers were ALLIANCES gained 7.32 percent to close at MAD 44.00 and CTM rose by 5.99 percent to trade at MAD 417.50. DELTA Holdings also surged by 4.84 percent or MAD 1.15 with a closing price of MAD 24.89 as well as CIMENTS MAROC climbed by 4.22 percent to end at MAD 1,235.00. STROC INDUSTRIE accelerated by 4.05 percent or MAD 1.87 to trade at MAD 48.00.

In the negative zone, TIMAR and AUTO HALL slid by 5.99 percent (to settle at MAD 375.10) and skid by 5.75 percent (to trade at MAD 94.20) respectively. AFRIQUIA GAZ and STROC NORD AFRIQUE also plunged by 5.66 percent (with a closing price of MAD 2,100) and dipped by 4.16 percent (to settle at MAD 22.10) respectively. Also, AUTO NEJMA fell by  4.03 percent to settle at MAD 1,500.