Morocco Equity Martket | 24 Aug 2015: Casablanca bourse in bearish mood… investors lose MAD 4.5 billion

Casablanca, Morocco (Capital Markets in Africa):- Casablanca bourse’s equity trading opened the week on negative trends. The Moroccan benchmark stock index (measured as MASI Index) crashed by 86.60 point or 0.91 percent to close at 9,430.08 points (with a year-to-date performance to -1.98 percent) with total market capitalization at MAD 480.673 billion (a lose of MAD 4.5 billion relative to previous market capitalization of MAD 485.159) and market activities measured as total traded value was recorded at MAD 96.426 million.

Likewise, Moroccan most active share index (MADEX) closed at 7,715.18 points (a deduction of 0.94 percent compared to previous trading session). Also, FTSE CSE Morocco 15 Index went down by 0.91 percent to close at 8,369.85 points (-5.11 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index declined by 1.05 percent to end at 7,911.12 points (to bring the year-to-date performance to -1.86 percent).

Looking at the market price leaders and laggards, the leaders’ were, MED Paper advanced by 5.59 percent to end at MAD 19.84 and ALLIANCE surged by 2.75 percent to settle at MAD 52.40. Likewise, BMCI Morocco added 1.71 percent or MAD 10.60 with closing price of MAD 630.00 as well as M2M Group rose by 1.47 percent to conclude at MAD 207.00. On the contrary, MANAGEM and CDM tumbled by 5.99 percent (to settle at MAD 772.40) and fell by 5.19 percent (to end at MAD 491.10) respectively.  Equally, SNEP and JET CONTRACTORS plummeted by 4.81 percent (with closing price of MAD 111.85) and 4.67 percent (to settle at MAD 240.00) respectively.