The Casablanca Stock Exchange Opens with a Slight Decline
The Casablanca Stock Exchange opened this Thursday in negative territory, marking a slight decline in its main indices following the gains recorded the day before.
Stock Indicators Decline at Opening
The MASI index, which encompasses all listed securities, fell by 0.04% to settle at 18,512.38 points. The MASI 20, which includes the 20 most liquid securities, dropped by 0.03% to 1,504.33 points.
Meanwhile, the MASI ESG index, dedicated to companies rated highly by Moody’s ESG Solutions, recorded a decrease of 0.04% to 1,254.69 points.
SMEs Under Pressure: Notable Decline in Mid & Small Cap
The MASI Mid and Small Cap, which tracks the performance of small and medium-sized capitalizations, showed the most significant decline, down 0.57% to reach 1,808.19 points.
Major Declines: TAQA Morocco and CFG Bank Lead
Several securities weighed heavily on the downward trend, notably:
TAQA Morocco: –4.17% (2,300 DH)
CFG Bank: –3.6% (241 DH)
CIH: –2.56% (405.15 DH)
Sonasid: –1.65% (2,320 DH)
Cartier Saada: –1.43% (34.49 DH)
Top Performers: LafargeHolcim Leads the Gains
Conversely, several stocks supported the market with their rebounds:
LafargeHolcim Morocco: +4.05% (1,925 DH)
Cosumar: +3.54% (205 DH)
Mutandis: +1.27% (263 DH)
Vicenne: +1.23% (475.8 DH)
Managem: +0.83% (6,050 DH)
Reminder: Previous Session’s Gains
For reference, the market closed Wednesday’s session with a 0.33% increase before slightly correcting at the opening this Thursday.
