Casablanca stock exchange ends week in red

Casablanca stock exchange ends week in red
Sunday 2 October 2022 - 12:59

The Casablanca Stock Exchange ended the week from September 26 to 30, 2022 in the red, with its main index, the Masi, dropping by 5.27% to 11,613.11 points.

The Morocco Stock Index 20 (MSI20), which reflects the price performance of the 20 most liquid companies, lost 5.4% to 937.34 points, while the Casablanca ESG 10, the benchmark Environment, Social and Governance (ESG) index, gained 5.65% to 865.72 points.

By the end of the week, 19 indices closed down, against 3 on a positive note and only one sector remained stable.

The beverages sector was the biggest decliner (-11.82%), followed by the building and construction materials sector (-9.62%) and the chemicals sector (-8.55%).

On the other hand, the forestry and paper index recorded the best weekly performance  (+9.8%), ahead of transport (+5.97%) and leisure and hotels (+1.75%).

On the upside, the best performances of the week were Med Paper (+9.8%), CTM (+6.26%), Fenie Brossette (+5.03%), Balima (+4.44%) and Maghreb Oxygene (+4.27%).

In contrast, Disty Technologies showed the highest drop (-13.57%), followed by Societe des boissons du Maroc (-12.98%), LafargeHolcim Maroc (-11.52%), Microdata (-11.33%), and Residences Dar Saada (-10.63%).

The global volume for the week reached over MAD 1.48 billion, while the market capitalization exceeded MAD 603.62 million.

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