Morocco Equity Market | 25 Aug 2015: Moroccan equity markets remain in red zone

Casablanca, Morocco (Capital Markets in Africa):- Moroccan equity markets remained in red zone at the end of Tuesday’s trading session. The Moroccan benchmark stock index (measured as MASI Index) slumped by 114.10 point or 1.21 percent to close at 9,316.01 points (with a year-to-date performance to -3.61 percent) with total market capitalization at MAD 475.863 billion (a fall of MAD 4.8 billion relative to previous market capitalization of MAD 480.673) and market activities measured as total traded value was recorded at MAD 104.034 million.

Likewise, Moroccan most active share index (MADEX) closed at 7,616.61 points (a deduction of 1.28 percent compared to previous trading session). Also, FTSE CSE Morocco 15 Index went down by 1.86 percent to close at 8,214.45 points (-6.87 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index declined by 1.55 percent to end at 7,788.17 points (to bring the year-to-date performance to -3.38 percent).

In term of sector indices, top gainers were Forestry & Paper, Holding Companies and Insurance sector indices added 5.75 percent, 3.05 percent and 1.57 percent respectively. Conversely, Leisure & Hotels sector index (fell by 5.98 percent to close the year-to-date performance at -36.043 percent), Bank sector index (declined by 2.25 percent to end at -3.20 percent year-to-date return) and Electrical & Electronic Equipment sector index (crashed by 2.14 percent).

Looking at the market price leaders and laggards, the leaders’ were, MANAGEM soared by 5.90 percent to end at MAD 818.00 and MED PAPER surged by 5.75 percent to settle at MAD 20.98. Likewise, ALLIANCE Morocco gained 4.92 percent or MAD 2.58 with closing price of MAD 54.98 as well as DELTA HOLDINGS jumped by 3.14 percent to settle at MAD 26.97.00. On the contrary, RISMA and RES DAR SAADA tumbled by 5.98 percent to settle at MAD 172.05 and fell by 5.97 percent to end at MAD 159.75 respectively.  Equally, SONASID Morocco and MICRODATA plunged by 5.94 percent with closing price of MAD 678.00 and 5.53 percent to settle at MAD 111.00 respectively.