Casablanca Stock Exchange: September Recap and Market Analysis

2023-09-29 18:21:00

The Casablanca Stock Exchange closed the month of September in the red, the index of all values, the MASI, having lost 0.74% to 11,865.32 points (pts).

The MASI 20, an index bringing together the 20 most liquid stocks, lost 0.54% to 961.59 pts and the MASI. ESG, made up of the 15 instruments with the best ESG rating, fell by 2.23% to 876.98 pts. Counter-trend, the MASI.Mid small Cap, index of small and medium-sized companies of the Casablanca Stock Exchange, gained 3.98% to 1,007.75 pts.

Since the start of the year, the four indices have posted respective increases of 10.68%, 12.15%, 8.94%, and 20.06%.

On a sectoral level, 16 indices ended down, compared to 7 up. In retail, real estate recorded the best monthly performance (+34.87%), ahead of health (+15.7%) and portfolio and holding companies (+11.22%).

On the losing side, the chemicals index showed the biggest decline (-14.07%), followed by those of the pharmaceutical industry (-11.37) and mines (-7.77%).

The overall volume of trade exceeded 3.36 billion dirhams (billion dirhams), including 2.89 billion dirhams made on the Central market and 434.47 million dirhams (MDH) on the block market.

Attijariwafa Bank was the most active instrument of the month with 607.53 MDH in transactions, ahead of Douja Prom Addoha (591.12 MDH) and Alliances (211.94 MDH).

Regarding the market capitalization, it amounted to more than 609.59 billion dirhams.

At individual values, the biggest declines were recorded by Snep (-14.67% to 471 DH), Jet Contractors (-12.76% to 228 DH), Sothema (-12.75% to 999 DH), Oulmès (-11.46% to 1,352 DH) and Stroc Industrie (-9.86% to 31.08 DH).

On the other hand, the largest increases were achieved by Douja Prom Addoha (+42.5% to 16.33 DH), (+13.47% to 11.46 DH), Res Dar Saada (+28.08 % at 21.8 DH), Alliances (+19.69% at 114.9 DH) and Akdital (+15.7% at 479 DH).

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#month #September #ended #red

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