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BKB Weekly Letter 06 19 2020 : Closing on a negative note at the Casablanca stock Exchange

  • Technical correction at the Casablanca Stock Exchange which closes in the red with a MASI and a MADEX falling each by 0.29% at 10,356.28 points and 8,416.02 points respectively;
  • Dynamic, the transaction volume amounted to MAD 329.6m, 63% of which was drained by transactions involving 159,748 shares of TOTAL MAROC (i.e. a 1.8% stake) and 115,225 shares of MICRODATA (i.e. a 6.9% stake);
  • Among the main underperformers, MED PAPER lost 3.99% to MAD 14.18 for 7,309 shares traded (i.e. a 0.3% stake), while AFRIQUIA GAZ depreciated by 3.97% to MAD 3,750 for 1 share traded only;
  • On the other hand, MICRODATA gained 3.98% each to MAD 525.1 and IB MAROC appreciated by 2.04% to MAD 33.57 for one share traded only.
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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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