The Casablanca Stock Exchange concluded on a negative note on Wednesday, with its main index, the MASI, declining by 1.96% to settle at 18,142.55 points. This downturn reflects a challenging trading environment as various indices experienced significant losses throughout the session.
The MASI 20 index, which encompasses the 20 most liquid stocks, fell by 0.93% to reach 1,311.50 points, while the MASI ESG, which tracks companies with the best ESG ratings according to Moody’s ESG Solutions, saw a more pronounced decrease of 2.98%, closing at 1,313.48 points. Meanwhile, the MASI Mid and Small Cap index, which reflects the performance of small and medium-sized enterprises, dropped by 1.42% to 1,823.21 points.
On an international level, both the FTSE CSE Morocco 15 Index and the FTSE CSE Morocco All-Liquid indices ended the session with losses of 2.45% to 17,295.75 points and 2.2% to 15,588.7 points, respectively. Sector-wise, the most notable declines were seen in the 'Mines' sector, which plummeted by 9.06%, followed by 'Beverages' at -4.08%, and 'Pharmaceutical Industry' at -3.9%. Conversely, sectors such as 'Real Estate Investment Companies' (+2.3%), 'Forestry and Paper' (+2.75%), and 'Materials, Software, and IT Services' (+0.53%) exhibited the best performance during the trading session.
The trading volume exceeded 283.3 million dirhams, primarily driven by transactions in the central equity market, with notable contributions from Managem (103.4 MDH), Société Métallurgique d’Imiter (24.8 MDH), and Cosumar (23.8 MDH). The overall market capitalization surpassed 1,047.2 billion dirhams, indicating a substantial economic footprint despite the day's losses.
In terms of individual stocks, the most significant declines were recorded by Managem, which fell by 9.77% to 14,800 dirhams, followed closely by SMI at -9.64% to 7,230 dirhams, AGMA at -5.12% to 6,850 dirhams, Alliances at -5.12% to 370 dirhams, and Wafa Assurance at -4.33% to 5,740 dirhams. On the other hand, M2M Group showed resilience with a 3.95% increase to 395.80 dirhams, along with Colorado (+2.91% to 79.55 dirhams), Aradei Capital (+2.79% to 442 dirhams), Med Paper (+2.75% to 25 dirhams), and Ennakl (+2.06% to 53.6 dirhams) marking the highest gains in the market.
As reported by fr.hespress.com.
