Market Performance Overview
The Casablanca Stock Exchange commenced trading on Monday with a decline, as indicated by its primary index, the MASI, which fell by 0.63%, settling at 17,874.47 points. The MASI 20, which includes the 20 most liquid stocks, also experienced a downturn, dropping by 0.81% to reach 1,314.94 points. Furthermore, the MASI ESG index, which reflects companies with the top ESG ratings according to Moody’s ESG Solutions, decreased by 0.48%, ending at 1,270.88 points. Similarly, the MASI Mid and Small Cap index, which showcases the performance of small and medium-sized capitalizations, saw a reduction of 0.94%, closing at 1,800.46 points.
Individual Stock Movements
In terms of individual stock performances, CTM faced the most significant losses, plummeting by 5.32% to 837 dirhams. Other notable declines included M2M Group, which fell by 4.76% to 380 dirhams, S.M Monétique with a decrease of 4.43% to 472.1 dirhams, Réalisations Mécaniques dropping by 4.3% to 444 dirhams, and Sothema, which decreased by 4% to 355 dirhams. Conversely, some stocks performed well despite the overall market downturn. IB Maroc.com surged by 8.89% to 60 dirhams, Wafa Assurance increased by 6.71% to 5,680 dirhams, Ciments du Maroc rose by 3.95% to 1,686 dirhams, Bank of Africa grew by 2.25% to 197.9 dirhams, and Aluminium du Maroc saw a modest increase of 0.89% to 1,918 dirhams. It is worth noting that the MASI had previously closed on a positive note, gaining 0.37% on Friday.
As reported by lesiteinfo.com.
