The Casablanca Stock Exchange rose slightly Thursday morning, driven by a new round of corporate results.
A few minutes after the opening, the main index of the Casablanca coast, the Masi, posted a symbolic gain of 0.12% to 11,447.77 points, and the MSI20, which reflects the price performance of the 20 most liquid companies. , advanced 0.23% to 933.84 points.
The Madex, a compact index made up of stocks quoted on a continuous basis, also gained 0.12% to 9,311.05 points.
The international indices moved in dispersed order. Thus, the FTSE CSE Morocco 15 was down 0.22% to 10,448.97, while the FTSE CSE Morocco All-Liquid rose 0.17% to 9,785.24 points.
The benchmark Environment, Social and Governance (ESG) “Casablanca ESG 10”, meanwhile, dropped 0.23% to 868.34 points.
On the value front, Ciments du Maroc offers the best performance at the start of the day (+ 3.99%), despite the announcement of a net income for fiscal year 2020 of 716 million dirhams (MDH) , down 33.8% compared to that of 2019. Its Board will propose to the next General Meeting the distribution of an ordinary dividend of 90 dirhams per share for 2020.
Also on the rise, Jet Contractors advanced by 3.08%, Label Vie by 0.31% and Aradei Capital by 0.25%.
On the losing side, Stroc Industries fell 3.99%, the biggest drop in the morning, followed by Managem (-3.89%). The latter reported a sharp increase in net income Group share (RNPG), standing at 225 million dirhams in 2020, against a deficit of 427 million dirhams a year earlier. Its board of directors proposes, as part of supporting the group’s development strategy, not to distribute dividends.
Also among the declines, SNEP (-2.95%) and Auto Hall (-2.41%). The car dealership has published its indicators for 2020, showing a consolidated net profit of MAD 144 million, down 9%. Its Board proposes the distribution of a dividend of 3.5 dirhams per share in 2020, identical to that of 2019.
On Wednesday, the stock market closed higher, with the Masi and MSI20 taking 0.45% and 0.59% respectively.
