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BKB Weekly Letter 09 27 19 : Generally downtrend session

 

  • the Casablanca Stock Exchange closed on a positive note with a MASI up by 0.51% to 11,530.23 points and a MADEX increasing by 0.53% to 9,390.18 points, strengthening their y-t-d performance to +1.46% and +1.70% respectively;
  • The Central Market comprises MAD 171.8m trades, 51.4% of which are drained by the transactions involving 209,618 BMCE Bank of Africa shares (i.e. 0.1% of capital), 228,695 ITISSALAT AL-MAGHRIB stocks and 9,176 LAFARGEHOLCIM MAROC shares;
  • The OTC Market hosts a transaction involving 551,489 BMCE Bank of Africa shares (i.e. 0.3% of capital) at a unit price of MAD 192;
  • RISMA gained 10% to MAD 159.55 for 5,083 shares traded, due probably to the strong increase in its net income, followed by MICRODATA, which earned 9.95% to MAD 434.30 for 5,278 stocks traded (or 0.3% of the capital);
  • STROC INDUSTRIE pursues its downtrend and depreciates by 9.85% to MAD 11.72 followed by MED PAPER which loses 7.76% to MAD 23.52 for a single traded share;
  • Renewal of the suspension of SAMIR shares as of 09/30/2019.
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.

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