Morocco Market Watch | May 15th 2015: Moroccan equity marginally up..

Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) marginally rose by 0.06 percent to close at 9,851.75 points (2.41 percent year-to-date performance) with total market capitalization at MAD 498.269 billion and market activities measured as total traded value was closed at MAD 26.781 million. Likewise, Moroccan most active share index (MADEX) closed at 8,133.42pts (slightly advanced by 0.07 percent compared to previous trading day). In addition, FTSE CSE Morocco 15 Index gained 0.28 percent to close at 8,660.36 points (-1.72 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index lost 0.05% to end at 8,262.47 points (to bring the year-to-date performance to 2.50 percent).

In term of sector indices, top gainers were Leisures & Hotels, Distributors, Utilities and Chemicals sectors appreciated by 4.81 percent, 4.12 percent, 3.07 percent and 1.93 percent respectively. On the losers’ side were Transport (lost 2.40 percent to close the year-to-date performance at 16.47 percent), Construction & Building Materials (-1.65 percent but positive year-to-date return of 6.70 percent) and Holding Companies sector index (lost 0.32 percent and 6.61 percent year-to-date return).

The market sentiment was positive today, as the market breadth (advancer/decliners ratio) with 26 advancers and 23 decliners. On the one hand, Label Vie Morocco gained 6.00 percent to end at MAD 1,060.00, and Colorado advanced by 5.00 percent to settle at MAD 84.00. Also, Microdata Morocco surge by 4.90 percent with closing price of MAD 150.00 as well as Groupe Risma advancing by 4.81 percent to close at MAD 221.35. On the other hand, Ciments du Maroco, CTM, M2M Groupe and Saham Assurance Morocco lost 3.04 percent (to settle at MAD 1,115.00), 2.79 percent (to end at MAD 383.00), 1.25 percent (with closing price of MAD197.50), and 0.70 percent (to settle at MAD 1,130.00) respectively.