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BKB Weekly Letter 06 12 2020 : Bearish session at the Casablanca Stock Exchange

  • Drawn down by the banking and construction sectors, the Casablanca Stock Exchange closed in the red with a MASI down by 0.69% at 9,927.06 points and a MADEX down by 0.71% at 8,057.96 points, thus deepening their y-t-d underperformances at -18.44% and -18.76% respectively;
  • The low transaction volume amounted to MAD 88.7m, 46.9% of which was accounted for by transactions involving 41,798 ATTIJARIWAFA BANK shares, 73,305 ITISSALAT AL-MAGHRIB shares, 35,237 CIH BANK shares (i.e. 0.1% of the capital) and 6,765 CMT shares (i.e. 0.4% of the capital);
  • On the biggest falls, CIH BANK lost 3.84% at MAD 252 while LYDEC depreciated by 3.38% at MAD 343 for 35 shares traded;
  • On the other hand, the main increases concern STROC INDUSTRIE which gained 3.73% at MAD 13.9 for 7 shares traded and MED PAPER which improved by 3.4% at MAD 14.89 for 566 shares traded.
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BMCE Capital Global Research
BMCE Capital Global Research

BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.

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