The Casablanca Stock Exchange Opens in a Gloomy Mood
Casablanca Stock Exchange Experiences Slump After Independence Day Holiday
The Casablanca Stock Exchange, closed on Tuesday for the 70th anniversary of Independence Day, opened with a grim outlook on Wednesday. Its main index, the MASI, dropped by 0.57%, settling at 18,391.03 points.
The MASI 20, which includes the 20 most liquid stocks, declined by 0.65% to reach 1,497.34 points. Meanwhile, the MASI ESG, an index highlighting companies with the highest ESG ratings as assessed by Moody’s ESG Solutions, fell by 0.09% to 1,250.15 points.
The MASI Mid and Small Cap index, which measures stock performance for small and medium enterprises listed on the exchange, saw a more significant decline of 1.67%, closing at 1,779.52 points.
Among individual stocks, the most considerable losses were recorded by BMCI (-4.54% at 550.5 DH), Résidences Dar Saada (-3.68% at 170 DH), Aradei Capital (-2.85% at 440.1 DH), Fenie Brossette (-2.31% at 420.05 DH), and Stokvis Nord Afrique (-1.81% at 113.9 DH).
Conversely, several stocks performed well, with Mangem rising by 3.29% to 5,998 DH, Taqa Morocco gaining 1.66% to 2,329 DH, Label’Vie increasing by 1.47% to 4,630 DH, Minière Touissit up by 0.55% to 1,640 DH, and Crédit du Maroc inching up 0.09% to 983 DH.
On Monday, the MASI had closed with a loss of 0.8%.
