Morocco Market Watch | June 15th 2015: Morocco equity market starts the week in red, All Share index down 0.34%

Casablanca, Morocco (Capital Markets in Africa):-  Morocco equity market started the trading week in negative territory. The Moroccan benchmark stock index (MASI Index) plunged by 0.34 percent to close at 9,614.60 points (with a year-to-date performance to -0.06 percent) with total market capitalization at MAD 488.137 billion and market activities measured as total traded value was recorded at MAD 24.477 million. Equally, Moroccan most active share index (MADEX) closed at 7,861.42 points (lost 0.35 percent compared to last previous trading session). Likewise, FTSE CSE Morocco 15 Index tumbled by 0.30 percent to close at 8,406.69 points (-4.69 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index fell by 0.24 percent to end at 8,018.75 points (to bring the year-to-date performance to -0.52 percent).

In term of sector indices, top gainers were Electrical & Electronic, Distributors and Mining sector indices surged by 9.45 percent, 1.30 percent and 1.15 percent respectively. On the losers’ side were Chemicals sector index (lost 3.89 percent to close the year-to-date performance at -42.57 percent), Real Estate sector index (declined by 1.68 percent and -20.36 percent year-to-date return) and Transport sector index (went down by 1.31 percent).

Looking at the market gainers and laggards, the gainers’ were, NEXANS MAROC grew by 9.45 percent to end at MAD 161.00 and JET CONTRACTORS Morocco advanced by 5.82 percent to settle at MAD 200.00. Equally, AUTO HALL surged by 2.87 percent with closing price of MAD 89.50 as well as ATLANTA advanced by 2.73 percent to conclude at MAD 63.69. Conversely, REALIS MECANIQUES Morocco, TIMAR, SNEP and SAHAM ASSURANCE plunged by 5.71 percent (to settle at MAD 223.00), 5.62 percent (to end at MAD 420.00), 4.84 percent (with closing price of MAD 118.00) and 4.34 percent (to settle at MAD 1,036.00) respectively.