Casablanca Stock Exchange: A month of July in the red

The Casablanca Stock Exchange closed the month of July down, the index of all values, the Masi, yielding 1.59% to 11,818.46 points (pts).

At the end of 22 sessions this month, the Morocco Stock Index 20 (MSI 20), an index comprising the 20 most liquid stocks, lost 1.59% to 954.64 pts. The annual underperformance (YTD) of these two indices thus widened to -11.53% and -12.07% respectively.

For its part, the benchmark Environment, Social and Governance index “Casablanca ESG 10” dropped 1.88% to 882.14 points (-11.61% in YTD).

For this month, the Casablanca rating saw 16 sector indices end down, against only 6 up.

The mining sector showed the strongest decline (-7.80%), followed by that of insurance (-6.13%) and that of Hardware, Software and IT Services (-5.08%).

On the winning side, the engineering and industrial capital goods sector ended the month with a gain of 7.72%, the best performance, thus beating those of oil and gas (+4.56%), financing and other financial activities (+3.13%).

The overall volume of trade reached more than 1.78 billion dirhams (MMDH), including 1.14 billion dirhams made on the central market (equities). BCP was the most active instrument of the month with 171.47 million dirhams (MDH) of transactions, followed by Itissalat Al-Maghrib with 156.22 MDH and Attijariwafabank with 151.045 MDH.

Regarding market capitalization, it amounted at the end of July to 614.002 billion dirhams.

The biggest drops were recorded by Disty Technologies (-18.31% to 232 DH), M2M (-17.16% to 700 DH), IB Maroc.com (-13.46% to 25.92 DH), Disway (-11.57% to 688.00 DH) and Wafa Assurance (-11.19% to 3,730 DH).

The biggest increases were made by Afriquia Gaz (+14.60% to 4,850.00 DH), Stroc Industrie (+13.64% to 36.99 DH), Salafin (+7% to 642.00 DH), Involys (+4.90% to 104.90 DH) and Timar (+4.73% to 166 DH).

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