Morocco Equity Watch | 9th July 2015: Morocco equity markets end the day down as MASI drops 8.63 points and MADEX down 7.39 points…

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets were in bearish mood today with the MASI index ending the session down and the MADEX also down following on from its recovery in the previous days trading.

The Moroccan benchmark stock index (measured as MASI Index) lost 8.63 points decreasing by -0.09 percent to close at 9597.80 down from its previous close of 9606.43 recorded yesterday (taking the year-to-date performance to -0.23 percent).

Equally, the Moroccan most active share index (MADEX) was also down losing 7.39 points to close at 7857.04 down on the 7864.43 recorded yesterday, a decrease of -0.09 percent today (bringing down the year to date to 0.18 percent).

The FTSE CSE Morocco 15 Index went up 33.80 points to close at 8,376.94 increasing by 0.52 percent (-5.03 percent year-to-date performance) likewise the FTSE CSE Morocco All-Liquid Index was down 17.77 points falling by -0.13 percent to end at 8,017.72 down from its previous close of ,8032.4993 points (to bring the year-to-date performance to -0.54 percent).

The market activity measured as total traded value was recorded as MAD 105.503 million for the MADEX index and MAD 113.284 for the MASI index. Out of the 76 component stocks that make up the MASI index,  the number of stocks showing a rise dropped to 14 while 21 stocks showed a decline as opposed 20 and 15 in the previous days trading. For the MADEX the 55 component stocks registered 13 risers and 20 stocks that declined over the course of the days trading.

The five top most stocks on the MASI index in terms of Capitalisation were ATTIJARIWAFA Bank with MAD 21,431 million for 203,527,226 securities at a price of MAD 35o. ITTISSALAT-AL-MAGHRIB (MAD 19,867 million for 879,095,340 securities at MAD 113), BCP (MAD 9,581 million for 173,141,923 securities), LAFARGE CIMENT (MAD 8.219 million and BMCE BANK (MAD 7.824 million).

With regards to sector indices, the top gainers today were Leisure and Hotels (climbed by 5.65 percent to 956.94 points), Forestry and Paper (which climbed by 5.18 percent to 21.72 points), Electricity (which climbed by, 1.20 percent to 1151.28 points), Telecommunications (which climbed by 0.35 percent to 1663.86 points) and Real Estate sector indices which climbed 0.15 percent to 12,735.45 points respectively.

On the losers’ side were Electrical and Electronic Equipment (plunged by -3.43 percent to 4685.71), Construction and Building Materials (plunged by -0.86 percent to 17,518.58) and Chemicals sector indices (plunged by -0.68 percent to 1,125.94).

Pharmaceuticals Industry sector index (declined by -0.85 percent to 2,002.04 to end at -4.17 percent year-to-date return) and Real Estate sector index (went down by -0.57  percent to settle at 12,716.09 and -21.81 percent year to date) to make up the top 5 losers.