Morocco Equity Markets | 23 Nov 2015: Casablanca stock exchange market cap deplete by US$439 million, indices down

Casablanca, Morocco, Capital Markets in Africa — The Moroccan benchmark stock index (measured as MASI Index) slumped by 0.92 percent to end at 9,108.84 points (with a year-to-date performance to -5.31 percent) with total market capitalization at MAD 458.239 billion (a drop of MAD 4.3 billion or US$439 million relative to previous market capitalization of MAD 462.567). The market activity measured as total traded value was recorded at MAD 49.858 million.

 The Moroccan most active share index (MADEX) closed at 7,425.13 points (dropped 1.03 percent compared to the previous trading session). FTSE CSE Morocco 15 Index plunged by 0.60 percent to close at 7,773.33 points (-11.87 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index dropped 1.14 percent to end at 7,612.52 points (to bring the year-to-date performance to -5.56 percent).

In term of sector indices, top gainers were Electrical & Electronic Equipment, Oil & Gas and Engineering & Equipment Industrial sector indices grew by 5.97 percent, 3.42 percent, and 2.91 percent respectively. On the laggards’ side, Beverages sector index (sagged by 5.12 percent to close the year-to-date performance at -4.59 percent), Leisure & Hotels sector index (lost 2.85 percent to end at -44.24 percent year-to-date return) and Insurance sector index (dropped 1.54 percent to end at 3,694.75 levels).

Looking at the market price leaders and laggards, the gainers’ were NEXANS MAROC added 5.97 percent to close at MAD 147.40 and AFRIQUIA GAZ higher by 5.84 percent to settle at MAD 2,430. DELATTRE LEVIVIER MAROC also gained 4.71 percent or MAD 9.00 with a closing price of MAD 200.00 as well as COLORADO jumped by 4.05 percent to end at MAD 77.00. RES DAR SAADA surged by 1.97 percent to settle at MAD 153.00.

On the losers’ chart, BRASSERIES DU MAROC and STROC INDUSTRIE dropped 5.97 percent (to settle at MAD 2,063.00) and sagged by 4.00 percent (to trade at MAD 48.00) respectively. LAFARGE CIMENTS and ENNAKL also declined by 3.29 percent (with a closing price of MAD 1,644.00) and dropped 3.10 percent (to settle at MAD 39.70) respectively. WAFA Assurance fell by 2.93 percent to settle at MAD 3,582.00.