Morocco Market Watch | June 17th 2015: Morocco equity market ended in red for third consecutive trading days, MAD 2.11 billion

Casablanca, Morocco (Capital Markets in Africa):-  Morocco equity market ended in red for third consecutive trading days. The Moroccan benchmark stock index (MASI Index) plunged by 0.44 percent or 41.91 to close at 9,501.72 points (with a year-to-date performance to -1.23 percent) with total market capitalization at MAD 482.331 billion (gave up almost  MAD 2.11 billion against previous trading session market cap of MAD 484.437 billion) and market activities measured as total traded value was recorded at MAD 126.492 million (an increase of 79 percent relative to previous turnover of MAD 70.493 million). Equally, Moroccan most active share index (MADEX) closed at 7,761.72 points (lost 0.47 percent or 36.81 points compared to previous trading session). Likewise, FTSE CSE Morocco 15 Index tumbled by 0.63 percent to close at 8,246.21 points (-6.51 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index fell by 0.65 percent to end at 7,881.94 points (to bring the year-to-date performance to -2.22 percent).

In term of sector indices, top gainers were Engineering & Equipment Industrial, Electrical & Electronic Equipment and Forestry & Paper sector indices surged by 5.57 percent, 4.97 percent and 1.19 percent respectively. On the losers’ side were Real Estate sector index (lost 2.89 percent to close the year-to-date performance at 22.53 percent), Chemicals sector index (declined by 2.59 percent and -42.34 percent year-to-date return) and Oil & Gas sector index (went down by 2.31 percent).

Looking at the market price leaders and laggards, the leaders’ were, DELATTRE LEVIVIER MAROC surged by 9.09 percent to end at MAD 240.00 and AFRIC INDUSTRIES SA advanced by 5.80 percent to settle at MAD 319.00. Similarly, NEXANS MAROC surged by 4.97 percent with closing price of MAD 169.00 as well as HOLCIM MAROC advanced by 4.02 percent to conclude at MAD 2,020.00. Conversely, DOUJA ADDOHA, JET CONTRACTORS, DISWAY and ALLIANCES tumbled by 5.52 percent (to settle at MAD 27.37), 5.42 percent (to end at MAD 190.10), 5.38 percent (with closing price of MAD 216.20) and 5.32 percent (to settle at MAD 90.00) respectively