HomeEconomyA month of March in the red

A month of March in the red

The Casablanca Stock Exchange closed the month of March in the red, the index of all values, the MASI, dropping 4.73% to 10,391.39 points (pts).

At the end of this month, the MASI 20, an index comprising the 20 most liquid stocks, fell by 4.89% to 832.06 pts and the MASI.ESG, made up of the 15 instruments with the best ESG rating, fell fell 4.76% to 787.70 pts.

Since the start of the year, these three barometers have posted respective underperformances of 3.07%, 2.96% and 2.15%.

As for the index of small and medium-sized enterprises of the Casablanca Stock Exchange, the MASI Mid and Small Cap, it lost 2.99% to 854.45 pts, thus bringing its performance since the beginning of the year to 1, 79%. At the sector level, only five indices closed the month in the green, against 18 down. Thus, the holding companies sector offered the best performance of the month (+8.41%), followed by that of leisure and hotels (+3.65%) and that of finance companies and other. financial activities (1.53%).

On the losers’ side, the chemical sector showed the heaviest monthly drop with -14.98%, followed by that of the pharmaceutical industry (-12.06%), that of forestry and paper (-9, 01%) and that of telecommunications (-8.50%).

For the month of March, the overall volume of trade reached nearly 2.32 billion dirhams (MMDH), including 1.6 billion dirhams on the Central market (equities) and more than 710 million dirhams (MDH) on the block market (equities).

Attijariwafa Bank was the most active instrument of the month with 314.46 MDH of transactions, followed by Itissalat Al-Maghrib with 234.9 MDH and Taqa Morocco with 138.2 MDH.

Regarding market capitalization, it amounted at the end of March to more than 542.1 billion dirhams.

The highest increases were made by Timar (+12.93% to 204.40 DH), Salafin (+11.93% to 638 DH), Ennakl (+11.55% to 34 DH), Alliances (+10 .93% to 62.12 DH) and Delta Holding (+8.46% to 26.03 DH).

On the other hand, the biggest drops were recorded by IB Maroc.com (-24.79% at 18.20 DH), Résidences Dar Saada (-23.02% at 10 DH), SNEP (-15.99% at 483.90 DH), Sothema (-13.29% to 1,277 DH) and Afriquia Gaz (-13.29% to 3,900 DH).

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