Moroccan equities ended the session lower on Wednesday, with sector losses centered in Utilities, Banking and Mining weighing on the benchmark. At the close in Casablanca, the Moroccan All Shares index was down 0.30%.
Market internals showed more stocks falling than rising: 33 issues declined, 22 advanced and 5 finished unchanged on the Casablanca Stock Exchange.
Top gainers
- Zellidja S.A. (CSE:ZDJ) led the winners, jumping 7.40% - a gain of 16.85 points - to finish at 244.50 at the close.
- Hps (CSE:HPS) added 3.32% or 17.20 points to settle at 535.90.
- Marocaine Ste de Therapeutique SA (CSE:SOT) rose 3.00% - an increase of 9.00 points - to close at 309.00.
Largest decliners
- M2M Group (CSE:M2M) registered the steepest fall, dropping 7.59% or 30.00 points to end at 365.00.
- Societe des Boissons du Maroc SA (CSE:SBM) declined 4.62%, a loss of 96.00 points, to finish at 1,980.00.
- Ennakl Automobiles (CSE:NKL) fell 4.28% or 2.01 points to close at 44.99.
Commodities and currencies
Energy prices moved higher in commodity trading: crude oil for December delivery rose 2.63% - an increase of 2.63 - to $102.53 a barrel, while Brent oil for January delivery climbed 2.34% or 2.56 to $111.97 a barrel. By contrast, the December Gold Futures contract slipped 0.47% or 19.08 to trade at $4,055.52 a troy ounce.
On the currency front, EUR/MAD moved down 0.26% to 10.95. USD/MAD was effectively unchanged, showing a 0.03% move to 9.86. The US Dollar Index Futures was slightly higher, up 0.03% at 102.19.
The session highlighted uneven participation, with a greater number of stocks retreating than gaining, and sector-level weakness concentrated in utilities, banking and mining. Commodities and currency movements accompanied the equity declines, with crude and Brent rising while gold eased and the dollar ticked up.