Morocco Equity Markets | 31 Dec 2015: Morocco equity investors lose MAD 31bn and All Share index falls 7.22% in 2015 …

Casablanca, Morocco, Capital Markets in Africa —Casablanca Bourse ended Thursday’s trading session; the last trading session of 2015 in a positive region to cushion the overall loses in 2015. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.64 percent to close at 8,925.71 points (with a year-to-date performance to -7.22 percent) and the equity market capitalization closed 2015 at MAD 453.316 billion (by gaining of MAD 4.62 billion or US$462 million relative to previous market capitalization of MAD 448.674). In 2015, the equity market capitalization dropped MAD 31.13 billion from MAD 484.447 billion recorded at the end of 2014 (by gaining of MAD 33.34 billion was recorded in 2014 from a market capitalization of MAD 451.113 billion at the end of 2013).  

The market activity measured as total traded value was recorded at MAD 441.627 million relatively to the previous total value of MAD 1,634 million.  The total trade value of MAD 52.091 trillion was recorded in 2015 with a daily average of about MAD 211.753 million.  In term of quarterly trade values, MAD 11.563 trillion, MAD 8.028 trillion, MAD 7.736 trillion and MAD 24.764 trillion were recorded in the first, second, third and fourth quarter respectively.  

 The Moroccan most active share index (MADEX) ended at 7,255.21 points (rose by 0.56 percent compared to the previous trading session and 2015 return of -7.49 percent). FTSE CSE Morocco 15 Index added 0.51 percent to close at 7,424.38 points (-15.83 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index surged 0.79 percent to end at 7,481.83 points (to bring the year-to-date performance to -7.18 percent).

In term of sector indices, today’s top gainers were Forestry & Paper, Utilities and Mining sector indices gained 5.89 percent, 2.41 percent and 2.30 percent respectively. On the laggards’ side, Leisure & Hotels sector index (dipped by 2.46 percent to close the year-to-date performance at -57.25 percent), Real Estate sector index (lost 1.90 percent to end at -45.53 percent year-to-date return) and Investment Companies & Other Finance sector index (sagged by 1.56 percent to end at 8,279.03 levels and -12.00 percent year-to-date returns). In 2015, most of the sectors ended with a negative year-to-date returns with exception of Electricity sector index (+34.35 percent), transport sector index (+21.12 percent year-to-date returns), Utilities sector index (+13.03 percent year-t0-date returns), Material & Computer Services sector index (+3.79 percent) and Food Producers & Processors (gained 1.59 percent in 2015).

Today’s gainers were MANAGEM grew by 6.00 percent to close at MAD 688.00 and CDM added 5.99 percent to trade at MAD 515.60. TASLIF also gained 5.98 percent or MAD 2.73 with a closing price of MAD49.25 as well as MED PAPER jumped by 5.89 percent to end at MAD 13.30. HPS surged by 4.04 percent to trade at MAD 489.00. On the other hand, INVOLYS and UNIMER plummeted by 10.00 percent (to close at MAD 128.00) and sagged by 6.00 percent (to end at MAD 166.95) respectively. EQDOM and CIH also went down by 5.99 percent (with a closing price of MAD 938.70) and dropped by 5.99 percent (to close at MAD 261.35) respectively. RES DAR SAADA also dipped by 4.55 percent to conclude at MAD 128.00.