Casablanca Stock Exchange: Close slightly higher

The Casablanca Stock Exchange closed slightly higher on Wednesday, bolstered in particular by the good performance of the “Telecommunications”, “Engineering and Industrial Equipment” and “Building and construction materials” sectors.

At the end of the last session of this week, the Masi, a global index made up of all equity-type securities, rose by 0.11% to 10,460.66 points and the Madex, a compact index made up of stocks quoted on the continuous posted at 8,508.42 points, up 0.12%.

International indices closed in scattered order. The FTSE CSE Morocco 15 lost 0.18% to 9,390.90 points, while the FTSE Morocco All-Liquid climbed 0.27% to 9,040.11 points.

The benchmark Environment, Social and Governance (ESG) “Casablanca ESG 10”, meanwhile, improved by 0.20% to stand at 804.92 points.

Thanks to the performance of its unique title Itissalat Al-Maghrib (+ 1.80%), the sector index of “telecommunications” took the top spot, followed by that of “Engineering and Industrial Equipment” (+ 1.36%) of which the increase of Delattre Levivier Maroc (+ 3.95%) was able to offset the decline accused by Stroc Industrie (-2.54%).

The “Forestry and Paper” sector (+ 1.05%) is also among the winners of the day thanks to the good orientation of its unique title Med Paper.

The “Building and construction materials” index posted an increase of 0.33%, driven by Jet Contractors (+ 1.06%) and LafargeHolcim Maroc (+ 0.68%). Sonasid and Ciments du Maroc finished with respective declines of 2.82% and 0.14%. On the other hand, the rating saw 11 sectors end at half mast, in particular “Real estate investment companies” (-3.15%), “Distributors” (-2.30%) and “Mining” (-1.92 %).

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The “Banks” sector also showed a gray mine, affected by the downturns of Bank Of Africa (-0.72%), CIH (-0.43%), CDM (-0.34%) and Attijariwafa Bank (- 0.07%). BCP and BMCI remained unchanged. In the process, the overall volume of securities trading reached nearly 99.66 million dirhams (MDH), largely carried out on the central market and dominated by transactions involving Attijariwafa Bank (19.72 MDH), Managem (16.77 MDH) and Itissalat Al-Maghrib (16.31 MDH).

The market capitalization amounted to 542.27 billion dirhams (MMDH).

The largest increases were made by Delattre Levivier Maroc (+ 3.95% at 30.80 DH), Cartier Saada (+ 3.58% at 28.90 DH), Itissalat Al-Maghrib (+ 1.80% at 141.50 DH), Fenie Brossette (1.73% to 43.44 DH) and Jet Contractors (+ 1.06% to 185.95 DH).

The largest decreases were recorded by Involys (-4% to 116.50 DH), SMI (-3.44% to 2.187 DH), M2M Group (-3.32% to 640 DH), Immorente Invest (-3 , 30% to 87.51 DH) and Total Maroc (-3.18% to 912 DH).

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