Morocco Equity Watch | 29th July 2015: Morocco equity markets flat, MADEX down 0.74 points but Market cap adds US$117Mill…

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets indices were mixed today with the MASI index ending the session flat and the MADEX down as the Morocco 15 and All-Liquid Index indices tried to recover from losses made in previous days trading. Gains in these Indices helped to pull up the total Market capitalisation which increased by adding US$117 million to take it to US$60,562 million.

The Moroccan benchmark stock index (measured as MASI Index) gained no points to close at 9,723.10 the same if not just a marginal change to its previous close of 9,723.19 recorded yesterday (taking the year-to-date performance to 1.07 percent).

The Moroccan most active share index (MADEX)  decreased by -0.01% (0.01 percent) down 0.74 points to close at 7,971.01 points from the 7,971.74 points recorded yesterday, (leaving the year to date at 1.64 percent).

The FTSE CSE Morocco 15 Index was however up 38.52 points to close at 8,571.61 points from its previous close of 8,533.09 increasing by 0.45 percent (-2.82 percent year-to-date performance) likewise the FTSE CSE Morocco All-Liquid index was up by 6.79 points rising by 0.08 percent to end 8,165.22 at  up from its previous close of 8,158,43 points (to bring the year-to-date performance to a positive 1.21 percent).

The market activity measured as total traded value recorded an decrease to MAD 106,774 for the MADEX index and MAD 114,767 for the MASI index. Out of the 75 component stocks that make up the MASI index, the number of stocks showing a rise decreased to 21 while 15 stocks showed a decline and 8 showing no change over the course of the days trading. For the MADEX the 50 component stocks also registered a decrease with 17 risers and 14 stocks that declined with 7 showing no change over the course of the days trading.

Top gainers today were IB Maroc which increased +9.13 percent to close at MAD 110.0, TASLIF rose +5.95 percent to close at  MAD 39.2, SNEP climbed +5.93 percent to close MAD 119.7 and SRM which increased +5.75 percent to close MAD 2161.9.

The five top most stocks on the MASI index in terms of Capitalization saw marginal losses and gains to their capital. ATTIJARIWAFA Bank with MAD 21,767 million (loss) for 203,527,226 securities at a price of MAD 356.00. ITTISSALAT-AL-MAGHRIB MAD 20,570 million (gain) for 879,095,340 securities at MAD 115.70, BCP MAD 9,804 million (loss) for 173,141,923 securities, LAFARGE CIMENT MAD 8,144 million (loss) for 17,469 securities and BMCE BANK MAD 7,788 million (gain) for 179,463,390 securities.

With regards to sector indices, the top gainers today were Chemicals which climbed by 4.84 percent to 1,135.09 points, Holding Companies rising 4.44 percent to 4,218.06 points, ELECTRICTY which climbed by 3.47 percent to 1,262.57 points, Materials, Software and Computer Services which climbed by 0.88 percent to 487.52 points and Real Estate sector indices which climbed 0.51 percent to 11,780.65 points respectively.

On the losers’ side were Engineering and Equipment Industrial Goods (plunged by -2.47 percent to 345.104),Leisure and Hotels (decreased by -2.13 percent to 8,41.31 and Distributors lost by -1.29 percent to settle at 19,307.03 points.

Electrical and Electronic Equipment, Beverages, and Utilities sector indices recorded no change.