Morocco Equity Watch | 20th July 2015: Morocco equity markets Indices bounce back, MASI rises 59.47 points and MADEX up 44.20 points…

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets indices bounced back with gains today with the MASI index ending the session up and the MADEX also up following on from its losses rendered in the previous days trading. The Moroccan benchmark stock index (measured as MASI Index) gained 59.47 points increasing by 0.61 percent to close at 9736.46 up from its previous close of 9676.99 recorded yesterday (taking the year-to-date performance to 1.21 percent). Equally, the Moroccan most active share index (MADEX)  increased 0.56 percent or 44.20 points to close at  7,979.17 points up from the 7,934.97 points recorded yesterday, (bringing down the year to date to 1.74 percent). The FTSE CSE Morocco 15 Index climbed 77.52 points to close at 8,477.21 points from its previous close of 8,399.69 increasing by 0.92 percent (-3.89 percent year-to-date performance) likewise the FTSE CSE Morocco All-Liquid Index was up 39.98 points rising by 0.49 percent to end at 8,162.90 up from its previous close of 8,122.92 points (to bring the year-to-date performance to 1.26 percent). The market activity measured as total traded value was recorded as MAD 107,224 up MAD 1,069 Million from MAD 106,155 million for the MADEX index and MAD 114,927 up MAD 1,068 from MAD 113,859 for the MASI index. Out of the 75 component stocks that make up the MASI index, the number of stocks showing a rise increased to 36 while 10 stocks showed a decline over the course of the days trading. For the MADEX the 55 component stocks registered 29 risers and 8 stocks that declined over the course of the days trading. The five top most stocks on the MASI index in terms of Capitalization were ATTIJARIWAFA Bank with MAD 21,675 million for 203,527,226 securities at a price of MAD 351.05. ITTISSALAT-AL-MAGHRIB (MAD 20,562 million for 879,095,340 securities at MAD 113.40), BCP (MAD 9,654 million for 173,141,923 securities), LAFARGE CIMENT (MAD 8,468 million for 17,469 securities and BMCE BANK (MAD 7,716 million for 179,463,390 securities). With regards to sector indices, the top gainers today were Distributors which climbed by 4.11 percent to 19,111.88 points, Chemicals climbing 3.98 percent to 1,113.76 points, Utilities rising 3.69 percent to 1,814.58 points), Oil and Gas which climbed by 2.57 percent to 7,808.60 points and Engineering & Equipment Industrial Goods sector indices which climbed 2.21 percent to 346.08 points respectively. On the losers’ side were Electrical & Electronic Equipment (plunged by -8.54 percent to 428.5.71), Leisure and Hotels (plunged by -3.50 percent to 1086.56) and Forestry and Paper sector indices (plunged by -0.68 percent to 1,125.94). Investment Companies and other Finance sector index (declined by -1.50 percent to 8,402.74 to end at -10.68 percent year-to-date return) and Real Estate sector index (went down by -0.73  percent to settle at 12,643.05 and -22.26 percent year to date) to make up the top 5 losers. In terms of the Currency Indices, the MASI ($) index stood at 8,014.17 points representing a 0.50 percent rise while the MADEX ($) index registered a 0.56 percent increase to settle at 6,566.34 points.