Morocco Market Watch | May 18th 2015: Moroccan equity indices went up..

Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) rose by 0.27 percent to close at 9,878.59 points (2.69 percent year-to-date performance) with total market capitalization at MAD 499.229 billion (against 498.269 billion in previous trading sessions) and market activities measured as total traded value was closed at MAD 87.498 million. Likewise, Moroccan most active share index (MADEX) closed at 8,083.47pts (advanced by 0.29 percent compared to previous trading day). In addition, FTSE CSE Morocco 15 Index gained 0.75 percent to close at 8,734.22 points (-0.98 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index rose by 0.20% to end at 8,279.09 points (to bring the year-to-date performance to 2.71 percent).

In term of sector indices, top gainers were Utilities, Transport and Construction & Building Materials sectors rose by 2.86 percent, 2.44 percent, and 2.17 percent respectively. On the losers’ side were Engineering & Equipments Industrial Goods (lost 2.98 percent to close the year-to-date performance at -25.31 percent), Holdings Companies (gave up 1.24 percent and -7.77 percent year-to-date return) and Mining sector index (lost 0.68 percent and -6.07 percent year-to-date return).

The market sentiment was positive today, as the market breadth (advancer/decliners ratio) with 15 advancers and 13 decliners. On the one hand, Holcim (Maroc) S.A. gained 5.96 percent to end at MAD 2,152.00, and SAMIR advanced by 3.78 percent to settle at MAD 163.25. Also, Ennaki Automobile Morocco surged by 3.30 percent with closing price of MAD 42.25 as well as Ciments du Maroco advancing by 3.14 percent to close at MAD 1,150. On the other hand, Afric Industries SA, Dellatre Levivier Maroc, CIH Bank and Microdata Morocco lost 5.75 percent (to settle at MAD 295.00), 5.29 percent (to end at MAD 215.00), 4.25 percent (with closing price of MAD 315.50), and 3.97 percent (to settle at MAD 144.05) respectively.