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BKB Weekly Letter 03 06 2020: The Stock Exchange closes on a negative note

• Acceleration of the market's downtrend today, negatively impacted by the poor performance of Telecoms (-1.01%), Banking (-3.2%) and Building Materials (-4.06%) sectors to close with a MASI down by 3.05% to 11,474.03 points and a MADEX falling by 3.12% to 9,345.96 points, thus deepening their y-t-d underperformance to -5.73% and -5.78% respectively;
• Very dynamic, the transaction volume amounted to MAD 344.5m, 50.9% of which was drained by the exchanges of 454,368 ITISSALAT AL-MAGHRIB shares (i.e. a 0.1% stake), 93,750 ATTIJARIWAFA BANK securities, 195,157 MARSA MAROC shares (i.e. a 0.3% stake) and 17,750 CIMENTS DU MAROC stocks (i.e. a 0.1% stake);
• As for the strongest increases, DISWAY appreciated by 9.98% to MAD 344.25 for 4,657 shares traded (i.e. a 0.2% stake), followed by RISMA which gained 5.33% to MAD 158 for 1,152 stocks exchanged;
• Conversely, MICRODATA lost 9.99% to MAD 453.65 for 7,609 shares traded (i.e. a 0.5% stake) while M2M GROUP depreciated by 9.8% to MAD 451 for 577 securities negotiated (i.e. a 0.1% stake).