Casablanca stock exchange ends week in red

Casablanca stock exchange ends week in red
Sunday 3 July 2022 - 10:59

The Casablanca Stock Exchange closed the week from June 27 to July 1 in the red, with its main index, Masi, dropping by 2.25% to 11,744.22 points.

The Morocco Stock Index 20 (MSI20), which reflects the price performance of the 20 most liquid companies, lost 2.19% to 946.59 points.

The Casablanca ESG 10, the benchmark Environment, Social and Governance (ESG) index also fell by 3.02% to 877.82 points.

At the end of the week, 17 sectoral indices closed down, while 3 ended up, and three others remained unchanged.

The Mining index showed the largest decline (-6.82%), followed by the Forestry and Paper sector (-5.55%), and the finance sector (-4.71%).

On the upside, the “Portfolio Companies-Holdings” index was the best performer in the week (+3.08%), ahead of the “Pharmaceuticals” index (+1.09%), and the “Computer Hardware, Software, and Services” index (+0.09%).

In terms of values, the largest declines of the week were recorded by Managem (-10.75%), followed by TGCC S.A (-9.21%),  Zellidja S.A, and Stokvis Nord Afrique (-8.38% each).

During the same period, the best performances were achieved by Promopharm S.A (+12.09%), Atlantasanad (+9.82%), and S.M Monetique (+3.98%).

The overall volume amounted to nearly MAD 1.57 billion, and the market capitalization exceeded MAD 610 million.

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