Morocco Equity Watch | 8th July 2015: Morocco equity markets buoyant as MASI gains 33.75 points and MADEX up 0.40% to recover previous days losses..

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

The Moroccan benchmark stock index (measured as MASI Index) gained 33.75 points increasing by 0.33 percent to close at 9606.43 up from its previous close of 9,572.68 recorded yesterday (with a year-to-date performance to 0.14 percent).

Conversely, the Moroccan most active share index (MADEX) was up 33.55 points to close at 7864.43 an increase of 0.40 percent today (with 0.28 year to date).

The FTSE CSE Morocco 15 Index went up 34.77 points to close at 8,333.38 increasing by 0.18 percent (-5.52 percent year-to-date performance) likewise the FTSE CSE Morocco All-Liquid Index was up 38.86 points climbing by -0.36 percent to end at 8,027.79 up from its previous close of 7,988.93 points (to bring the year-to-date performance to -0.41 percent).

The market activities measured as total traded value was recorded as MAD 105.629 million for the MADEX index and MAD 113.389 for the MASI index for the 2,399 million securities traded. Out of the 76 stocks for the MASI index,  the number of stocks showing a rise increased by 1 to 20 while 15 stocks showed a decline as opposed to the previous days trading.

The five top most actively traded stocks on the MASI index by value were ATTIJARIWAFA Bank with MAD 21,370 million for 203,527,236 securities at a price of MAD 35o. ITTISSALAT-AL-MAGHRIB (MAD 19.74 million), BCP (MAD 9,576 million), LAFARGE CIMENT (MAD 8.210 million and BMCE BANK (MAD 7.824 million).

With regards to sector indices, top gainers were Materials, Software and Computer Sales,  Insurance, Telecommunications and Chemicals sector indices which climbed by 1.44 percent to 471.34 points, 1.07 percent to 3856 points, 0.98 percent to 1657.99 points and 0.89 percent to 18,085.81 points respectively. They were followed by  Construction and Building Materials and Banks with 0.34 percent to 17,670.94 points and 0.27 percent to 11,649.27 points to make up the top 5 gainers.

On the losers’ side were Beverages, Engineering and Equipment Industrial Goods and Chemicals sector indices (plunged by -2.13 percent to 12,220.21, -1.76 percent to 344.58 points and -1.19 to 1133.68 points respectively

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.