Morocco Equity Markets | 15 Sep 2015: Equity Investors lose US$306 Mill on Casablanca Bourse

Casablanca, Morocco, Capital Markets in Africa — On Tuesday, the Casablanca Bourse equity trading returned to the bear sentiment. The Moroccan benchmark stock index (measured as MASI Index) plunged by 0.72 percent to close at 9,266.24 points (with a year-to-date performance to -3.68 percent) with total market capitalization at MAD 473.254 billion (a fall of MAD 2,970 million  or US$306 million relative to previous market capitalization of MAD 476.224) and market activities measured as total traded value was recorded at MAD 43.625 million.

Likewise, Moroccan most active share index (MADEX) closed at 7,580.00 points (fell by 0.69 percent compared to previous trading session). FTSE CSE Morocco 15 Index sagged by 0.32 percent to close at 8,152.93 points (-7.57 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index soared by 0.90 percent to end at 7,790.97 points (to bring the year-to-date performance to -3.35 percent).

In term of sector indices, top gainers were Forestry & Paper, Mining and Utilities sector indices increased by 3.84 percent, 1.91 percent and 1.40 percent respectively. Contrary, , Pharmaceutical sector index (fell by 1.83 percent to close the year-to-date performance at -1.96 percent), Investment Companies & Other Finance sector index (declined by 1.24 percent to end at -9.07 percent year-to-date return) and Leisure & Hotels sector index (sagged by 1.23 percent to end at 724.10 levels).

Looking at the market price leaders and laggards, the leaders’ were, REALIS MECANIQUES gained 5.17 percent to end at MAD 239.00 and M2M Group soared by 4.82 percent to settle at MAD 239.00. S.M MONETIQUE also gained 4.28 percent or MAD 8.00 with closing price of MAD 195.00 as well as MANAGEM climbed by 3.93 percent to conclude at MAD 925.00. Whereas, CDM and ENNAKL plummeted by 5.99 percent (to settle at MAD 489.30) and 4.19 percent (to trade at MAD 38.90) respectively.  LAFARGE CIMENTS and