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BKB Weekly Letter 05 29 2020 : Closing of the stagnating session at the Casablanca Stock Exchange

 

• At the end of a globally increasing session, the Casablanca Stock Exchange closes almost stagnating with a MASI and a MADEX progressing only by 0.08% each to 9,852.80 pts. And to 7,997.16 pts., thus stabilizing their y-t-d underperformances at -19.05% and -19.38% respectively;
• Dynamic and contributing to 10.7% of the global transaction volume, the Central Market hosts trading of MAD 203.6m, 54.1% of which is drained by the trading of 98,395 ATTIJARIWAFA BANK shares, 145,226 BCP shares (i.e. 0.1% of the capital), 198,782 ITISSALAT AL-MAGHRIB shares and 12,827 CIMAR shares (i.e. 0.1% of the capital);
• The OTC Market hosts two round-trip transactions on BOA shares, one involving 3,525,285 stocks (i.e. 1.8% of the capital) and the second involving 3,007,864 shares (i.e. 1.5% of the capital) at a unit price of MAD 129.7 each;
• In terms of the largest increases, CTM gained 4% to MAD 640.1 for 600 shares traded, while CIMAR increased by 3.99% to MAD 1,486;
• Conversely, M2M GROUP and JET CONTRACTORS lost 3.98% each at MAD 427.3 and MAD 183.5 for 299 shares and 4,681 shares traded (representing 0.2% of the capital) respectively.