Casablanca Stock Exchange: Another week in the red

The Casablanca Stock Exchange was on a downward trajectory over the period from May 16 to 20, thus lining up a fourth consecutive week of decline.

At the end of this week, the Masi, the global index composed of all equity-type values, fell by 0.44% to 12,626.59 points (pts), and the Morocco Stock Index 20 (MSI20), which reflects the price performance of the 20 most liquid companies, lost 0.57% to 1,019.54 pts. Since the start of the year, these two barometers have shown respective drops of -5.48% and -6.1%.

The Casablanca ESG 10, the Environment, Social and Governance (ESG) benchmark index, fell for its part by 0.23% to 946.05 points, thus reducing its annual underperformance to -5.21%.

On the value front, 14 sector indices closed the week on a negative note, against 8 on the rise, while that of portfolio-holding companies remained stable.

The insurance sector (-3.27%) recorded the largest decline over the period, followed by that of engineering and industrial capital goods (-2.41%) and transport services (-2.2%). ).

On the upside, the mining sector index (6.24%) recorded the best weekly performance, ahead of the electricity index (5.56%) and that of oil and gas (2.18%). .

The overall volume amounted to more than 544.976 million dirhams (MDH), mainly realized on the central equity market and dominated by transactions involving Attijariwafa Bank (76.583 MDH), LafargeHolcim Maroc (44.477 MDH) and Sodep-Marsa Maroc (41,184 MDH).

Market capitalization exceeded 659.577 billion dirhams (MMDH).

The largest declines of the week were recorded by Mechanical Achievements (-8.9%), IB Maroc.com (-5.94%), Atlantasanad (-4.74%), Wafa Assurance (-4.35% ) and Promopharm SA (-3.97%).

Conversely, the best performances were the work of SMI (23.18%), Minière Touissit (7.35%), Cartier Saada (5.71%), Taqa Morocco (5.56%) and Involys (4.37%).

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