Casablanca Stock Exchange: Negative Monthly Performance
Casablanca Stock Exchange Ends February on a Down Note
The Casablanca Stock Exchange concluded February with a negative outlook, as its main index, the MASI (Moroccan All Shares Index), fell by 2.82% to reach 18,140.55 points.
The MASI 20, which tracks the 20 most liquid stocks, dropped by 4.4% to 1,379.74 points, while the MASI ESG, which reflects companies with the best ESG ratings published by Moody’s ESG Solutions, lost 2.77% to settle at 1,231.20 points.
In contrast to these declines, the MASI Mid and Small Cap Index, which measures the performance of small and medium enterprises listed on the Casablanca Stock Exchange, gained 0.52%, rising to 1,871.47 points.
From a sector perspective, the indices for “Engineering and Industrial Equipment” (-15.25%), “Transport Services” (-10.94%), and “Leisure and Hotels” (-10.4%) recorded the poorest performances.
On a brighter note, the “Mining” sector (+7.45%), “Oil and Gas” (+2.51%), and “Insurance” (+2.19%) were the only sectors to finish the month in positive territory.
Total trading volume reached more than 8.46 billion dirhams (MMDH), primarily taking place on the central “Equities” market, with key transactions involving Attijariwafa Bank (12.27%), SGTM (7.58%), and Sodep-Marsa Maroc (5.62%). The market capitalization exceeded 1,015.45 MMDH.
In terms of individual stocks, the biggest losses were seen by Stroc Industrie (-17.65% at 196 DH), Stokvis Nord Afrique (-16% at 78.5 DH), Sodep-Marsa Maroc (-10.94% at 830 DH), Zellidja (-10.53% at 220.95 DH), and Résidences Dar Saada (-10.4% at 336 DH).
Conversely, the largest gains were observed for Minière Touissit (+38.99% at 3,579 DH), Balima (+10.44% at 248.5 DH), Sanlam Maroc (+7.45% at 2,307 DH), Bank of Africa (+7.32% at 220 DH), and Lesieur Cristal (+6.41% at 365 DH).
