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BKB Weekly Letter 07 10 2020

  • The Casablanca Stock Exchange closed in negative territory with a MASI down by 0.69% at 10,148.91 points and a MADEX down by 0.70% at 8,238.36 points, thus deepening their y-t-d underperformances at -16.62% and -16.95% respectively;
  • The low transaction volume amounted to MAD 45.8m, 54% of which was drained by transactions involving 62,468 COSUMAR shares, 12,469 MICRODATA shares (i.e. 0.7% of the capital) and 16,362 ATTIJARIWAFA BANK shares;
  • As for the sharpest declines, TOTAL MOROCCO declined by 3.99% to MAD 878.5 for 495 shares traded, followed by COLORADO which lost 3.98% to MAD 51.85 for 303 shares traded;
  • Conversely, MANAGEM gained 3.99% at MAD 750.5 for 1,061 shares traded, closely followed by CMT whose share price rose by 3.90% to MAD 1,091 for 1,299 shares processed (i.e. 0.1% of the capital).
Provider
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.

Analysts
Younes Mouchtari

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