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BKB Weekly Letter 06 26 2020 : The Casablanca Stock Exchange closes in negative territory

  • Drawn down by the poor performance of many sectors including Banks, Telecom and Construction, the Casablanca Stock Exchange accelerates its losses and closes with a MASI down 1.18% to 10,113.99.99 points and a MADEX down 1 , 23% to 8,211.58 points, thus widening their under-performance y-t-d to -16.91% and to -17.22% respectively;
  • Medium, the transaction volume amounted to MAD 107m, drained up to 50% by transactions involving 65,370 ATTIJARIWAFA BANK shares, 117,272 BOA shares (0.1% of the capital) and 15,445 TAQA shares MOROCCO (i.e. 0.1% of the capital);
  • On the biggest falls, FENIE BROSSETTE lost 3.99% to MAD 51.67 for 454 traded shares while AUTO HALL depreciated by 3.98% to MAD 62.89 for 4,329 traded securities;
  • Conversely, SNEP and CARTIER SAADA gained 3.79% each to MAD 445 and MAD 30.1 for 2,233 shares traded (i.e. 0.1% of the capital) and 1 security traded respectively.
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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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